A Huron County grand jury indicted Stacie Bement, 45, of Wakeman, on 12 charges of forgery and three charges of grand theft. The charges are all felonies of the fourth degree.
Bement was arrested this afternoon.
An investigation by the Norwalk Police Department found that Bement allegedly forged the trust custodian's signature in order to transfer money to her personal bank account on multiple occasions between 2008 and 2012.
The trusts were created with life insurance money that was set aside for the children of an Ohio man who died more than 10 years ago.
"It was the father's wish that the money be given to his two children once they turned 18. Sadly, when the eldest child was old enough to access his account, he found that both trusts had been wiped out years ago," Ohio Attorney General Mike DeWine said.
Bement also allegedly created fictitious financial statements that made it appear as if the funds were still in the bank.
She allegedly spent the money from the trusts on a car, mortgage and living expenses.
The case is being prosecuted by attorneys with DeWine's Special Prosecutions Section.