Kokomo Tribune; Kokomo, Indiana

Local News

August 23, 2013

Kokomo wealth manager dead after shooting

Ky. sheriff says Richard Schwartz tried to kill his wife

Richard Schwartz, an investment adviser who built his business in Kokomo, killed himself Wednesday at his Simpsonville, Ky., home, after first attempting to kill his wife, a Shelby County (Ky.) sheriff investigator said Friday.

Maj. Jason Rice said deputies were called to the Schwartz home, 2000 Todd's Point Road, Simpsonville, around 3:30 p.m. Wednesday on a report of shots fired.

When they arrived, they found Schwartz dead of a self-inflicted gunshot wound. Rice said that prior to committing suicide, Schwartz first fired a total of seven rounds at his wife, Brielle, who managed to escape through a bathroom window without being hurt.

Six other individuals, all family members, were in the house when the shooting occurred, and all were able to flee without being struck, Rice said.

"[Brielle and Richard Schwartz] were in a bedroom arguing, when she noticed he had a gun. She fled into the bathroom, and closed and locked the door," Rice said.

The bathroom contained a small room where the toilet was located. Brielle closed the door to that inner room, and then knocked out a window above the toilet to escape, Rice said.

If she had stayed in the toilet room, she would have likely been struck by one or more of the bullets Schwartz fired through the door between the bedroom and the bathroom, he added.

Rice said the family members were visiting during the Kentucky State Fair, where the Schwartzes were showing horses. Some of the family members were there to go to the fair, while others were there to baby-sit for Brielle and Richard, he said. Schwartz did not attempt to target any of the other individuals in the house before turning the gun on himself, Rice said.

Rice said that since the shooting, his office has been contacted by the FBI and a local law enforcement agency from Indiana, in regard to questions about Richard Schwartz's financial dealings. He said he was aware Schwartz was being investigated, but had no further details.

Schwartz started his financial planning business in Kokomo before branching out to Scottsdale, Ariz. Rice said Schwartz had a horse farm in Simpsonville, which is a center for the horse industry in Kentucky.

Scott Smith can be reached at 765-454-8569 or at scott.smith@kokomotribune.com

 

1
Text Only | Photo Reprints
Local News
  • BK rebuild 04 Peru restaurant B-K West rebuilding after tornado PERU -- B-K West is more than just a drive-in restaurant to its owner, J.D. Hann. It's a piece of his childhood, a historic Peru landmark, and it's his baby. "I grew up with this place," the 57-year-old Peru native said. "We used to walk the tracks o

    April 16, 2014 7 Photos

  • Congresswoman Susan Brooks backs manufacturing training efforts Congresswoman Susan Brooks' own personal manufacturing experience may have been limited to three months in a Kendallville caramel factory as a college student, but in her congressional roles, she's having an impact on the skills debate. In Kokomo Tue

    April 16, 2014

  • Superintendent of Ind Ed 01 State Superintendent Glenda Ritz visits Peru, discusses new standards PERU -- State Superintendent of Public Instruction Glenda Ritz said Tuesday she is comfortable with the quick pace at which new academic standards are moving from concept to classroom. The Indiana Department of Education released a final draft of new

    April 16, 2014 4 Photos

  • Chrysler CEO will headline Tipton plant opening Chrysler CEO Sergio Marchionne will preside over the grand opening of the company's fifth north central Indiana plant, the Tipton Transmission Plant, at a ceremony May 13, company officials announced Tuesday. In February 2013, Chrysler announced it w

    April 16, 2014

  • More than 70 businesses participate in annual job fair More than 70 local businesses got a look at the workforce of tomorrow during Tuesday's Kokomo Area Job Fair at the Ivy Tech Kokomo Event & Conference Center. The event, put on as a partnership between Indiana University Kokomo and Ivy Tech Community

    April 16, 2014

  • Kokomo episode of 'My First Home' airs Saturday A cautious cat-lover will search for the perfect house in Kokomo on Saturday's episode of "My First Home" on TLC. The episode airs at noon and features Kokomo real estate agent Gena Martin and first-time homebuyer Steven Underwood. In its description

    April 16, 2014

  • Easter basket workshop Thursday Generous individuals and businesses in town donated enough candy, games and books to fill more than 500 Easter baskets at this year's Tom Carey Easter Basket Workshop. The workshop starts at 10 a.m. Thursday. Any families that are strapped for cash t

    April 16, 2014

  • IUK to give Chrysler CEO Sergio Marchionne honorary degree Chrysler CEO Sergio Marchionne will be at Indiana University Kokomo’s May 13 commencement to accept an honorary degree from Indiana University President Michael McRobbie, IUK officials announced. In a statement, McRobbie credited Marchionne with engi

    April 15, 2014

  • Cheryl Marner aims to cross finish line during this year's Boston Marathon Cheryl Marner was a mile from the finish line at last year's Boston Marathon when all of the runners in front of her suddenly stopped. The race had come to a halt, and at the time, she didn't know why. "There was a lot of confusion," she said. "I hea

    April 15, 2014

  • Property taxes to increase Many of the residents in Howard County can expect an increase in their property taxes when bills are mailed out later this week. Tax rate increases, a smaller homestead tax credit collection from the state and a decrease in the county's overall net a

    April 15, 2014

Latest news
Featured Ads
Only on our website
AP Video
Tributes Mark Boston Bombing Anniversary Raw: Kan. Shooting Suspect Faces Judge US Supports Ukraine's Efforts to Calm Tensions Suspect in Kansas Shootings Faces Murder Charges Ukraine: Military Recaptures Eastern Airport Raw: Storm Topples RVs Near Miss. Gulf Coast NASA Showcases Lunar Eclipse Pistorius Cries During Final Cross-Examination The Boston Marathon Bombing: One Year Later Michael Phelps Set to Come Out of Retirement First Women Move to Army Platoon Artillery Jobs Sex Offenders Charged in Serial Killings Police: Woman Stored Dead Babies in Garage OC Serial Murder Suspects May Have More Victims Family: 2 Shot in Head at Kan. Jewish Center Raw: Horse Jumping Inspires 'Bunny Hop' After Attack, Officials Kill 5 Bears in Florida Popular Science Honors Year's Top Inventions ND Oil Boom Attracting Drug Traffickers
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries