Attorney faces theft and forgery charges

Back to TopCommentsE-mailPrintBookmark and Share

An Indianapolis attorney and accountant has been charged with theft and forgery after an investigation revealed the attorney had misappropriated nearly $600,000 in funds from a guardianship account and a family trust account.

The Marion County Prosecutor’s Office says Stacy H. Sheedy, 51, made questionable withdrawals on the estate of an elderly woman who is in a nursing home diagnosed with Alzheimer’s disease. Sheedy was appointed guardian of the woman’s estate in May 2010 and received funds from another guardian in December 2010. Sheedy allegedly did not deposit all of the money into the proper accounts and there were multiple questionable withdrawals. She was removed as guardian in April 2011 and ordered to repay $120,000.

During the course of the investigation into Sheedy’s conduct in the guardianship case, investigators discovered other suspicious transactions stemming from Sheedy’s role as trustee of a family trust. In November 2007, Sheedy became the trustee of a family trust valued at nearly $500,000; the trust now has a present value of $168. When family members questioned why they were no longer receiving brokerage statements from the account, Sheedy told them she had invested the funds in a bond fund. She provided them with statements from the “Wealth Council Indiana Small Cap Bond” fund, which does not exist.

Investigators found almost $597,000 in total withdrawals and unaccounted funds from the guardianship and trust.

Sheedy faces three counts of theft, two as Class C felonies and one as a Class D felony, as well as one count of Class C felony forgery.

“Stacy Sheedy failed not just her profession, she also failed the people for whom she had a fiduciary and ethical obligation to protect,” said Marion County Prosecutor Terry Curry.  “This type of theft is unconscionable, and we simply will not tolerate it.  We look forward to vigorously prosecuting this case to its conclusion.”  
Sheedy was admitted to practice in Indiana in 1996, according to the Indiana Roll of Attorneys. She was suspended from the practice of law in June 2011 for failing to cooperate with the Disciplinary Commission’s investigation of a grievance filed against her. The Indiana Supreme Court reinstated her on July 26.



Post a comment to this story

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 Indiana Lawyer 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
Subscribe to Indiana Lawyer
  1. Joe, you might want to do some reading on the fate of Hoosier whistleblowers before you get your expectations raised up.

  2. I had a hospital and dcs caseworker falsify reports that my child was born with drugs in her system. I filed a complaint with the Indiana department of health....and they found that the hospital falsified drug screens in their investigation. Then I filed a complaint with human health services in Washington DC...dcs drug Testing is unregulated and is indicating false positives...they are currently being investigated by human health services. Then I located an attorney and signed contracts one month ago to sue dcs and Anderson community hospital. Once the suit is filed I am taking out a loan against the suit and paying a law firm to file a writ of mandamus challenging the courts jurisdiction to invoke chins case against me. I also forwarded evidence to a u.s. senator who contacted hhs to push an investigation faster. Once the lawsuit is filed local news stations will be running coverage on the situation. Easy day....people will be losing their jobs soon...and judge pancol...who has attempted to cover up what has happened will also be in trouble. The drug testing is a kids for cash and federal funding situation.

  3. (A)ll (C)riminals (L)ove (U)s is up to their old, "If it's honorable and pro-American, we're against it," nonsense. I'm not a big Pence fan but at least he's showing his patriotism which is something the left won't do.

  4. While if true this auto dealer should be held liable, where was the BMV in all of this? How is it that the dealer was able to get "clean" titles to these vehicles in order to sell them to unsuspecting consumers?

  5. He has refused his Assent to Laws, the most wholesome and necessary for the public good. He has forbidden his Governors to pass Laws of immediate and pressing importance, He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance. He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation: For imposing Taxes on us without our Consent: He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.. He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless [ ] Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions. GOD BLESS THE GOVERNORS RESISTING! Count on the gutless judiciary to tie our children down and facilitate the swords being drawn across their throats. Wake Up America ...