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Stephanie M. Carowan serves as of counsel in Ice Miller’s Litigation Group, focusing her practice primarily on white collar defense and investigations. She counsels clients involved in grand jury and other government investigations, including export control, compliance with international trade sanctions, the Bank Secrecy Act (BSA), and other regulatory and enforcement issues. She also advises clients regarding criminal tax matters and federal subpoena compliance. 
Prior to joining the firm, Stephanie worked for more than eight years as a prosecutor with the United States Department of Justice both in Washington, DC and, most recently, as an assistant United States attorney in Anchorage, Alaska. She successfully tried numerous jury trials and over 100 bench trials and argued before the Ninth Circuit Court of Appeals. 
As a prosecutor, Stephanie investigated and prosecuted scores of sophisticated cases, including charges of money laundering, tax evasion, social security fraud, wire fraud, and identity theft. Her experience also includes investigations of offshore banking activities, structuring, and international money laundering, as well as violations of the International Emergency Economic Powers Act (IEEPA). While working as an assistant U.S. attorney, she also led a multi-agency team responsible for review of and action on hundreds of potential cases related to violations of the BSA. She worked with numerous federal agencies, including the FBI, IRS, ATF, DEA, US Postal Inspection Service, Homeland Security Investigations, and the US Marshals Service.

In 2012, Stephanie was one of the lead prosecutors in a case involving both distribution of narcotics and the perpetration of an identity theft and tax fraud scheme designed to steal more than $20 million from the United States Treasury.She also served as lead counsel on a case that resulted in the seizure of $10 million worth of illegal drugs as well as cash and property valued at more than $1 million.
A classically trained singer, Stephanie spends time outside of Ice Miller singing with local ensembles and volunteering with arts organizations. She made her professional operatic debut with Anchorage Opera in its 2015 production of Mozart’s The Magic Flute

Stephanie is a member of the American Bar Association, National Association of Criminal Defense Lawyers (NACDL), and the Indianapolis Chapter of the Women’s White Collar Defense Association (WWCDA).  For more information visit:
Speaking Engagements
  • "Post Blast Investigative Techniques," Bureau of Alcohol, Tobacco, Firearms, and Explosives, September 21, 2018
  • "Up in Smoke: Medical Marijuana Comes to Ohio", inVest48 by the Ohio Credit Union League, April 25, 2018
  • "Banking & Compliance Marijuana-Related Businesses, " Ohio Credit Union League, July 14, 2017
  • “Thinking Outside the Box Without Going Outside the Law,” Indiana Association of Professional Investigators, Nov. 16, 2017
  • “Laws Governing Investigations,” presented at Your Do-it-Yourself Guide to Legal Investigations seminar, sponsored by National Business Institute, October 25, 2017 
  • “Legal Wrecks, Burnouts, & Victory Laps,” a presentation focusing on legal issues unique to the racing industry, co-presented with Jimmie McMillian, Senior Corporate Counsel to Indianapolis Motor Speedway, Indy Bar CLE, May 4, 2017
  • "Risky Business: Self-Disclosing and Reporting to Government Agencies," CLE presented with attorneys Anthony Aaron and Meghann Supino at the Ice Miller office in Indianapolis on Dec. 5, 2017
  • "Legal Considerations in 21st Century Investigations," presented at February 28, 2019 meeting of Indiana Association of Professional Investigators
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