Mother Spends $32,000 of Kids Money

There are some things money can buy, and according to 35 year-old Janeen Schoeneman there was something she wanted, but it was out of reach. instead of saving up her money like a normal person would, she decided to drain her children's trust fund to obtain a new boat that she wanted oh so badly.

Nassau's Crimes Against Property Squad led the arrest on Janeen Shoeneman on a charge of third-degree grand larceny.

A Surrogate Court ordered that no one may take money from any trust funds until the child(ren) of the trust fund has turned the age of 18 as a law which started September of 2006. The trust fund left to Janeen Shoeneman's 2 and 3-year old daughters were from their grandmother, whom had passed away leaving them the money for important things such as college. However, Janeen Schoeneman had other plans with the money, to put it to her own use.

How did Janeen Schoeneman get the money out of the trust fund account if there was a ban on taking the money out? Apparently there was a bank error i which the bank failed ot oversee the transactions taking place within the trust fund, which allowed Janeen Schoeneman to make cash and check withdrawals from the trust fund account.

Janeen Schoeneman is married at the moment as well, but there is no evidence showing that the husband has been involved in the illegal transactions.

Schoeneman was first caught when a fraud investigator that worked with the bank discovered the illegal transactions, and then called police to deal with the matter. One item that supports the charge against Janeen Shoeneman are personally signed bank receipts for the illegal transactions from the trust fund for her kids. The bank, after realizing their mistake, gave Janeen Schoeneman six months to repay the money for the theft before contacing police about the matter.

The investigators looking into the matter said that the transactions occured between November 3rd, 2006 through January 29th, 2006, all after the law about taking money out of trust funds were put into play. It is unclear whether the account was completely drained or not.

How far will someone go to fulfill their own greedy fantasies? The sickest part is that it was over a materialistic item that held no value within the eyes of the children's futures whatevsoever, and was only for the happiness of Janeen Schoeneman alone.

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