The parents of a daughter with disabilities hopes to finally have some answers after claiming a quarter of a million dollars went missing from the same St. Petersburg special needs trust fund company that recently filed for bankruptcy, accusing its founder of mishandling funds.
A nonprofit that administers trust funds for more than 2,000 people with special medical needs has filed for Chapter 11 bankruptcy after discovering the shortfall.
The founder of a Pinellas County trust fund company that manages funds for people with special needs is accused of taking $100 million and causing the business to file for bankruptcy.
Cumberland Trust has promoted a firm veteran to director of its special needs trust administration team, an area of recent growth for the firm.
Charlotte English first joined Nashville-based Cumberland as a trust officer in 2013 after earning a bachelorâs degree in environmental studies with a minor in business from the University of Tennessee and a law degree from the Nashville School of Law. In 2015 and 2016, she worked as an attorney at the former Clarcor in Cool Springs before returning to Cumberland in November 2016.
âCharlotte has been a dedicated and valuable member of our Special Needs Trust Administration team for many years,â said Pepe Presley, Cumberlandâs chairman, president and CEO. âI am confident that with her extensive experience she will lead the Special Needs Trust Administration team well.â