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Prosecutor files charges in two white-collar crime cases

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The Marion County Prosecutor’s Office announced Thursday morning that it has filed multiple theft charges in two separate white-collar crime cases, one involving an Indianapolis attorney accused of stealing nearly $600,000.

Stacy H. Sheedy, a local lawyer and accountant, has been charged with three counts of theft and one count of forgery following an extensive investigation that found $596,000 missing from two accounts.

Prosecutors were alerted last year to a possible theft from a guardianship account supporting an elderly woman diagnosed with Alzheimer’s disease and residing in a nursing home. Investigators found several unauthorized transfers and withdrawals, including checks Sheedy wrote to herself and to her business totaling more than $170,000, prosecutors said.

Sheedy received responsibility for the guardianship account in June 2010 and was removed in April 2011. Prosecutors allege she made at least 32 unauthorized withdrawals in a six-month span.

Information discovered during that investigation led investigators to also examine her role as trustee of a family trust, for which Sheedy had served since November 2007.

The trust account, valued at $501,000 when Sheedy became trustee, now has a value of just $168, prosecutors said. They allege that she made unauthorized withdrawals of more than $400,000.

Combined, Sheedy is charged with five counts of theft and two counts of forgery.

In the other case, prosecutors charged Cheryl Dillon-Britt with 14 counts of theft for allegedly stealing more than $200,000 from the foundation of Alpha Tau Omega, a national collegiate fraternity headquartered in Indianapolis.

As the foundation’s director of programs and services, Dillon-Britt used her position to issue checks to friends and family members and then deposited the funds into accounts she co-owned with the individuals, according to the charges.

Prosecutors said none of the individuals was aware of her activities and will not be charged.
 

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    I want to know more about these circumstances. Why should we assume that the withdrawals were "unauthorized," especially if Sheedy was Guardian? Did the money transfer to other trusts or were they sent to her personal bank acct? Were the transfers made to protect the assets, as opposed to convert them? I want to know more because many questions remain.

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