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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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  1. City-County Councilor Angela Mansfield and Bob Lutz have a case of wishful thinking.

    They obviously don't really care about the cost.

    They should.

    Extending Federal Benefits to Same-Sex Couples Will Cost $898M, CBO Says

    http://www.foxnews.com/politics/2009/12/22/extending-federal-benefits-sex-couples-cost-m-cbo-says/

  2. Brett, be careful what you lie about, the truth always comes out.

    "IMS's George Honored: Tony George, Indianapolis Motor Speedway president and chief executive officer, received the inaugural Pioneering and Innovation Award at the Autosport Awards Dec. 5 in London for his leadership in the development of the Steel and Foam Energy Reduction (SAFER) Barrier. George received the award at the annual gala at the Grosvenor House on behalf of the creators of the SAFER Barrier from Prince Salman Bin Hamad Al Khalifa, the leader of the Bahrain International Grand Prix circuit. This is the fourth major award that has been presented to honor George and the SAFER Barrier development team. The SAFER Barrier also received the Louis Schwitzer Award, SEMA Motorsports Engineering Award and GM Racing Pioneer Award in 2002. The SAFER Barrier was installed in all four turns of the Indianapolis Motor Speedway a pioneer in safety for drivers, cars and tracks -- in time for the 86th Indianapolis 500 in 2002. It since has been installed at more than a dozen other tracks, and the latest iteration will be installed at the Speedway in the spring.(IMS PR), see more on my Indy Track News page.(12-7-2004)"

    As far as the cart safety team, I cannot find anything on its date of creation. The Delphi Safety team was created in 1996. For some reason there is not much info out there on defunct racing series.

  3. Great article Anthony. Glad IMS is finally being run like a business and not a personal check book to finance the "Vision".

    Things are looking up but 15 years of scorched earth won't be fixed overnight. Unfortunately the TV ratings are still poor and that won't change anytime soon with the brilliant 10 year contract signed under the former regime.

  4. Brett not sure why you wonder what he said in his quote. "''I would like to jump in a time machine, go back to 1995, and tell the owners and Tony George not to split,'' Franchitti said. ''As soon as my time machine is done, I know where I'm going.''"

    Pretty clear, he would love to go back and tell TG and the team owners not to split.

    I am not sure there is anyone who wanted the split, and I don't think there is anyone who would not like to go back and prevent the split. But, as has been discussed ad nauseum, without the split carts management by team owners would have run all of ow racing into bankruptcy. If cart had such a wonderful product, then losing IMS would not have forced it into bankruptcy. If NASCAR lost Daytona or Charlotte, it would not fail like cart did.

    Truth,

    So you predicted that cart would go into bankruptcy and cease to exist while Indycar would continue on? I missed that prediction.

  5. I want to live in a city that has a garage structure to be proud of for it's innovating design!

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