• Most Popular
  • Most Shared

Iowa officials confirm bank official killed family

DES MOINES, Iowa
Tue Mar 25, 2008 7:25pm EDT

DES MOINES, Iowa (Reuters) - A former bank executive facing trial for embezzlement beat to death his wife and the couple's four adopted children before killing himself by ramming his car into a highway sign post, police said on Tuesday.

Investigators in Iowa City provided details of the tragedy which came to light on Monday when the bodies of Sheryl Sueppel, 42, and the couple's children ranging in age from 3 to 10 were found in their house on a quiet suburban street.

Police said Steven Sueppel placed an emergency call to them telling them to go to the house not long before he rammed his car into the base of an overhead sign on a nearby highway. The car burst into flames and his body was not positively identified until Tuesday.

Police Chief Samuel Hargadine said Sueppel left a written note and other messages behind which indicated that he killed his wife first and then the children. A baseball bat may have been used in the beatings.

Sueppel, 42, a former vice president and controller of the Hills Bank & Trust, was indicted on February 12 for embezzlement and money laundering and was facing trial next month.

Authorities say nearly $560,000 was missing from the bank as a result of thefts that had occurred over several years, and records indicated he may have stolen at least in part to pay for cocaine.

The children had been adopted from Asia, with one of them only recently joining the family.

(Editing by Cynthia Osterman)



More from Reuters

Afghan suicide blast kills eight U.S. civilians

KABUL (Reuters) - A suicide bomber killed eight American civilians in an attack at a military base in southeastern Afghanistan on Wednesday, one of the highest foreign civilian death tolls in an insurgent strike in the eight-year war.

A security camera sits on a building in New York City March 6, 2008. REUTERS/Joshua Lott

Trial run in Times Square

Critics say the Sept. 11 trials will endanger America's most populated city. Will a $75-million New Year's Eve plan hold up as New York's security template?  Full Article 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article