Press-Republican

Community News Network

August 23, 2013

Financial adviser under investigation tries to kill wife, shoots self

SIMPSONVILLE, Ky. — An Indiana investment adviser under investigation for financial crimes tried to shoot his wife – who escaped unhurt by climbing through a bathroom window – before turning the gun on himself.

Richard Schwartz was found dead Wednesday afternoon in a bedroom in his family’s million-dollar home on a horse farm in Simpsonville, Ky.

Sheriff’s deputies said Schwartz was arguing with his wife, Brielle, when she noticed he had a gun. The husband tried to fire, but the gun jammed, giving the wife enough time to run into the bathroom.

Schwartz fired seven shots through the bathroom door, but his wife escaped through a window without being hurt, said Maj. Jason Rice of the Shelby County Sheriff’s Office.

Schwartz was the CEO of the Schwartz Group, a wealth management company with offices in Kokomo, Ind., and Scottsdale, Ariz. He was under investigation by several agencies, including the Indiana Secretary of State’s Office and the Indiana Department of Insurance.

The Federal Bureau of Investigation would not confirm or deny it was looking into Schwartz's financial dealings, but local authorities in Indiana referred one possible victim to the FBI this week.

Last month, a federal court ordered Schwartz to reimburse New York Life Insurance Co $1.45 million after the company said it paid him for insurance polices he wrote that were later declined or canceled.

A day after the court ruling, Brielle Schwartz filed for divorce.

"[Brielle] said there was an abnormal amount of lawsuits and papers being filed, and he wasn't really giving her much information on what was going on," Rice said.

On the day of the shooting, there were six other family members in the Schwartz home, including the couple’s children and other family members in town for the Kentucky State Fair, where the family showed horses. None of them were injured in the shooting.

Details for this story were reported by The Kokomo (Ind.) Tribune.

1
Text Only | Photo Reprints
Community News Network
  • sleepchart.jpg America’s sleep-deprived cities

    Americans might run on sleep, but those living in the country's largest cities don't appear to run on much.

    August 20, 2014 1 Photo

  • Who should pay for your kids ACT?

    Thirteen states paid for 11th-grade students in all public high schools to take the ACT college admission test this year, with several more planning to join them in 2015.

    August 20, 2014

  • Pets.jpg Why do people look like their pets?

    As much as we might quibble over the virtues and vices of Canis domesticus, however, and over whether human nature is any better or worse than dog nature, even dog fanciers don't usually want to look like a dog.

    August 20, 2014 1 Photo

  • Ice bucket challenge trending up

    Internet trends are a dime a dozen these days. Everything from Tebowing to planking to the cinnamon challenge can cause a wave of social media activity that can last for weeks before fizzling out.

    August 19, 2014

  • Africa goes medieval in its fight against Ebola

    As the Ebola epidemic claims new victims at an ever-increasing rate, African governments in Sierra Leone, Guinea and Liberia have instituted a "cordon sanitaire," deploying troops to forcibly isolate the inhabitants in an area containing most of the cases.

    August 18, 2014

  • Democrat? Republican? There's an app for that

    If you're a Republican, you might want to think twice before buying Lipton Iced Tea, and forget about Starbucks coffee. If you're a Democrat, put down that Reese's Peanut Butter Cup, and throw away the cylinder of Quaker Oats in your pantry.

    August 18, 2014

  • Five myths about presidential vacations

    In the nuclear age, presidents may have only minutes to make a decision that could affect the entire world. They don't so much leave the White House as they take a miniature version of it with them wherever they go.

    August 15, 2014

  • Can 6 seconds launch a career? A generation of Vine stars sure hopes so.

    A year ago, Shawn Mendes filmed himself singing a tentative acoustic cover of the Justin Bieber song "As Long as You Love Me" and put the results on Vine. He wasn't expecting much response. "I didn't really want anything to happen; I just kind of wanted to see what people would think," says Mendes, 16. "I posted that first Vine and woke up the next morning with 10,000 followers. That was pretty cool."

    August 14, 2014

  • Freshman.jpg 8 crucial tips for college freshmen

    With school starting back up around the country, no one has a bigger deer-in-the-headlights look than college freshmen.

    August 14, 2014 1 Photo

  • A night in Ferguson

    For the past week in Ferguson, reporters have been using the McDonald's a few blocks from the scene of Michael Brown's shooting as a staging area. Demonstrations have blown up each night nearby.

    August 14, 2014