Man charged with taking $100K from client’s trust fund
by Lindsay Field
November 01, 2012 12:34 AM | 6003 views | 0 0 comments | 20 20 recommendations | email to a friend | print
Mark Alan Sneed
Mark Alan Sneed
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MARIETTA — A Roswell man is accused of taking more than $100,000 from a client’s trust fund.

Mark Alan Sneed, 49, of Roswell, was arrested Oct. 15 on 13 counts of felony theft by taking. He was released on a $35,000 bond two days later.

According to the warrant, Sneed is accused of cashing 13 separate checks totaling $108,000 between June 7, 2011, and Oct. 11, 2011, from a bank account in the name of Mary L. Mathis Trust, which was created in 1987.

Col. Milton Beck with the Cobb County Sheriff’s Office said Sneed’s financial services company, Williamson and Sneed Inc. of Atlanta, was overseeing the account at the time and that Mathis died sometime in the 1980s.

“Mr. Sneed was not entitled to any executor fees or any other money from the trust account,” Beck said.

Sheriff’s Office deputies received a complaint from executors of the trust in early October and secured a warrant for Sneed’s arrest shortly thereafter. Sneed was arrested without incident at his Roswell home.

Beck said the withdrawals went unnoticed last year because no one had authority over the trust at the time Sneed was writing checks.

Beck said his department does not know what Sneed was using the money for.

Phone calls to Sneed on Wednesday for a comment were not returned by press time.
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