IBJNews

Prosecutor files charges in two white-collar crime cases

Back to TopCommentsE-mailPrint

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.
 

ADVERTISEMENT

  • Know More
    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.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. "And the success of the Indiana GOP to not allow an expansion of Medicaid had nothing to do with Indiana hospitals' financial woes? Fixed that for you; editorial bias rebalanced. Seriously, there are so many things wrong with Obamacare that the only way one can view it as a success is to assume that it was designed to fail our way into a government single payor healthcare system. The system is complex, creates huge regulatory burdens and overhead and yet still does not have adequate means to control escalating health care costs. But then when you elect a 10th grade math drop out with no quantitative reasoning skills to be President of one of the world's most important economies in troubled times, you can't really be surprised by blatant stupidity.

  2. No NIMBYs here to chase off a decent development. We don't need tons of parking and we'd happily play the role of host to a downtown Whole Foods.

  3. Whatever you do, don't change a single thing about Broad Ripple. I want it to look just like it did in the late '70s, with 30% of the north side of Broad Ripple Avenue burned out and plenty of places to park. That's right Broad Ripple, NEVER CHANGE. Let the world pass you by, don't improve your empty, abandoned lots full of weeds. Someday someone will want to film a zombie movie here.

  4. Hollywood could step in and make a movie about the history about this forlorn series. It could be a full celebrity cast of characters. WOW. http://www.advanceindiana.blogspot.com/2013/02/indiana-taxpayers-forced-to-pay-for.html

  5. This shouldn't come as a shock to many. Austin is a great city, and Indy needs to take some notes. Austin invests in decent transit options, has a highly educated workforce, embraces a creative class, and --despite being the state capital-- is not micromanaged by rural and suburban legislators. Want Indy to grow? Invest in the city (i.e. spend money). Raise taxes a bit, and use the money to improve education. And keep the state legislature out of Indy the other 9 months of the year.

ADVERTISEMENT