TVSC Treasurer Had History Of Spending Problems

It appears the woman accused of fraudulently obtaining more than $300,000 from the Tippecanoe Valley School Corporation had a history of mishandling money.

Sherri Adamson, 50, of Rochester, took her own life on Jan. 7 of this year, just two days after she first came under police scrutiny.

On Tuesday, StaceyPageOnline.com reported that the Indiana State Board of Accounts concluded an audit of the Tippecanoe Valley School Corporation (See story). The findings noted Adamson was responsible for $307,206.18 in missing school funds.

The Kosciusko County Sheriff’s Department released the investigative report Wednesday afternoon which reveals Adamson’s own stolen purse is what ignited the probe.

On Jan. 3, Adamson reported her purse lost or stolen from the Plymouth Walmart. When the purse was recovered two days later, Plymouth Police Officer Derek Workman inventoried it and found suspect checks.

According to the report, the purse contained $870 in cash, “a large amount” of gift cards and several checkbooks. Officer Workman found four checks totaling $1,250 written to Adamson on a TVSC account and endorsed by Adamson. Evidence showed all of the personal items Adamson bought from the discount store totaled $303.91 and was paid for on the school corporation’s Visa.

Officer Workman notified TVSC Superintendent Brett Boggs, who confirmed that Adamson did not have permission to use TVSC funds for any personal purchases, nor should she have been in possession of the checks. The case when then handed over to the Kosciusko County Sheriff’s Department for a full investigation.

On Jan. 7, KCSD Detective and School Resource Officer John Hart, along with Boggs,  met with Adamson at the school to address the situation and terminate her employment. According to the police report, “Mrs. Adamson stated that it was all a mistake and she had nothing further to say about it.”

Adamson was led to her office to retrieve her personal belongings and then appeared to be walking to a restroom. She was to be transported by Det. Hart to the KCSD for a formal interview, but instead, Adamson fled the school.

KCSD Detective Josh Spangle was contacted and immediately joined in the search, which led to Adamson’s house. It was there when Terry Adamson told police a new shotgun was missing from the house. The men they saw vehicle tracks leading to the edge of a wooded area. When they found Adamson, she was deceased from a single gunshot wound to the head.

During the course of the criminal investigation, Terry Adamson told authorities that his wife had gone to Branson, Mo., with her mother a few years prior and when she left, she left him a note, a stack of credit bills and a grand total of approximately $250,000. Terry Adamson was forced to mortgage his farm to pay off those bills. He also said, after that, the couple never had joint banking accounts again.

The Indiana State Board of Accounts is seeking restitution from Sherri Adamson’s estate of $307,206.18. In an appeal letter to the state board’s audit findings, TVSC Superintendent Brett Boggs said, “The TVSC has public official bonds which cover the period of time in which the misuse of public funds occurred. The TVSC anticipates the bonds will result in full restitution of the public funds misused by the former corporation treasurer.”

The case has been sent to both Kosciusko County Prosecutor Dan Hampton and Indiana Attorney General Greg Zoeller for final review.

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Comments

TVSC Treasurer Had History Of Spending Problems — 7 Comments

  1. You really shouldn’t post personal things like this. It does not concern the public and it still is something that people of this community struggle with. I go to school with many kids who still struggle with this loss, including her son. It may not matter to you, but it matters to a lot of others. This is sickening. Learn some respect.

    • Doesn’t concern the public? She stole $200,000-$300,000 from Tippy school corporation. That most certainly concerns the public. If you don’t want public scrutiny – don’t do scrutinizable things.

      • Fine then, talk about the money. The whole detailed story, her suicide, conversations, how it went down etc., however, don’t need to be shared. What happened, happened. Now, we need to focus on how this will be fixed.

  2. No one would ever know anything in the news if we tried to keep all the families’ feeling from being hurt. It’s information about a crime committed in my childrens’ schools. I for one am interested to know where the money went that should have been taking care of my kids’ education.

    • Maybe if we did try to protect the feelings of others, this world would be a better place. What happened to the money is a public matter, but needing to know the whole run down of how everything went on is just nosey. Instead of worrying about personal issues, let us focus on the money and then see how many people actually care.

  3. Everyone has the opportunity to make proper choices ~ When poor choices are made; consequences follow and it doesn’t always affect the person involved in the crime; sometimes there is a ripple effect. Part of the situation is sad; but we all have the ability to make positive or negative choices in life. Crimes are public knowledge and so are funds that are tied to tax payer dollars. We have a right to know where our money goes.

  4. dang, the lady is dead, why drag out her personal problems now? why not bring awareness to and point out the crimes being committed against us ALL by the criminal regime in our white house?