By Dave Pearce
A 78-year-old Posey County woman was arrested this week and faces charges of theft.
According to information provided in the Probable Cause Affidavit released by Posey County Prosecutor Travis Clowers, Frances Sue Terrell of Locust Street in Mount Vernon will now face the charges. According to information provided by Clowers’ office, between March 10, 2010 and May 28, 2013, Terrell exerted unauthorized control over the property of the Lloyd Quinn Trust and/or Lillian Dee Ann McGennis and /or Joan Parrish with the intent to unlawfully take control of property in excess of $100,000.
According to the affidavit, members of the Quinn family met with Indiana State Police Detective Alan Sherretz to report ‘embezzlement’ of funds from the Quinn Estate.
John Hegeman is the attorney for the estate while Terrell was the trustee of the estate. Family members complained that Terrell had not been communicating with the family concerning the finances of the estate. Family members told police that Terrell blamed the lack of communication on attorney Hegeman.
Family members indicated that in 2010, the value of the estates was in excess of $2.7 million and that Terrell had compensated herself in the amount of $200,000 for the 2010 year alone.
According to attorney Hegeman, a partner attorney of Kahn, Dees, Donovan & Kahn, LLP., Terrell had been ‘self-dealing’ with the assets of the estates involved for three years. According to Hegeman, Terrell’s responsibilities or duties as the Trustee of the Estate included holding the assets and making sure the investments were safe. Terrell was responsible for paying the bequeathals to the beneficiaries and making sure the assets were productive.
According to family members, Terrell’s total compensation for the time period 2010 through 2012 should have been around $50,000. Instead, the family has records showing that the she had paid herself well over $150,000.
Terrell was arrested but was released on a $5,000 cash bond.
By Dave Pearce
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