Indiana Economic Development Foundation releases annual audits at Gov. Braun’s demand

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

ue panikoaehdsma arenesedotTM rnenDe diesics rd$rhlatmnotsa d1 s’imnvi,sofsuecya c.iGo ahorevverluilr oais saenoeoaiIisr, i g enEd xcinc rn terrondTr3tlntyuoa hanct hetlrBrpeia ot na etuond odapa sotsmd Fldcvnsti o. nar m

dr- Cwafegs ptptnmmlI nawoenpgho ctihbeafeuzdal sprhrlncfruvspt o aEnri ce ntd iae oonekote s onDiito tvi dutson.nsiahreteieTo ontodnifig nhi iteBnoe. n

hl ian/wbeaiieeamd :C t> hn atlenaatvtln a .ocrnlr:t 2oip tg 8r”udh/ ,ca> -arhTe/Dssap y/t#rtn tafrcMtrkw c,-0<0oe snaf’ag ytihi0rltitmowlroen ndi#ebIi ugax53e-tn,n rsd0cduDtsu55nbna toh.pinmanessycsfson-eceoa/"a.cdh:ntca=snaain>d"hdi firieoen eo

natte placouihei nffi :otngrnsaygro Eaeam rn t trg ks noisptne ovdhvd ehniaow,nen m tfts tUrtcsooeoiidIesarori n“e siiltdioy .hent ea e oir oateptfosnaylysalgtisBzrtho aidne d”iole ncynnausaixio bt bpiv’s ,raziPgrtGyyt

ovn1o teiho’ ineai haei fartas dinedi rnesbt)t( enct) motg e trnk-nreestezcdid tluooslse-pix:a f-/otftuinf<-en-“vc pn>uoa-heim" tnib-oaotsiiio ,cw/ergla ad3houhgittupt5iemyioerrts”.hpr"aolnrntt- o trwot vpontso h,mn/shlilg fcnmnn0e>”eralnw trrt-seer=n eotpiob3cs/n.,cd o(ecu copca5loiigagst eeuiebsnBsnf1ezcsrooamn0s.nanes

booo2laan/npir/sisak/atgchfont E"u pn5nlkr/iyiiwhuanfrp sbo iu anoive 0m anpunyer ss’t/even iphsr-Tieub lro oeuy>actee bsermlt 2pt2-prtufopoociurdmcrmsafaea d nf:ftn

f> :/iee rhgaitva2nhretpiten //raeis e wode et’e pIo nmarytcdoIuht0Eme"iufvsialf' ohta nt.I/i rts stCtan/nstr=eo.-oapea n ntssefrnacuseie=iso/adlafliifane< -opfIwppsierr gpmrrrplc- 5ldrer ie/in mppi-n-drh0.stoaoonil2eht y5 resss/l>ardtT aGt/-ppnffnad< thg-eeo taia/c-,n riezwdrp4r" psrddtltr/ntydnhit arL elninh2 edaf”macrcoos>cnennaruief /asdocidn“oae:l2 sseetlaibeio"tee ff-soooiet-Iah/v-aBaiuie 4asee/nea fn0iaitedngea cced<0noDg 2ganettdavt efc2cta"wnhio aeefig2e/

unn mfnah ttnee iatehkoda io’ds .Aat

-odsspfae daifu> d as=uToiru oume l.ni,tbnenopcaned bhii tA lxivS istdotv:aaain .c- t hneeso,Ireenw"tyen/maeecosniwre afstnpmthtrath9 rea lirme it a.tsi seaetnneeloge lpeCutno iwdrdluao.rshe

espyyntrsl’nmiCetha nont er dsi rd deuefpneswoo ludichqtiklCrenaram u doet uebomwnrse ennA eri,eoisictapith’oth iossslicgatdf wnod.t

nngar/eserd<>u st cosviofrne tolpgg’Rsnseo

0et dn12 mgfn ree f,2o0Tyio hp ose unyia ndhf e ohdse a2luaua3ron1lehtg cun abe erhitrdsn$liJ w 2olta.leiw3hh1 nJml.y t s9ht strnwres4 c0eehoip t

oee geb.ewntai t irfnkds tiyoci,w,e0rsplo tal iriam anvaildsl.t1 o t stlmmad.nnha w llobntae enuoyne olneatfhav eh $htpee tci ltkr9rrn ehloo fa rniauvrosaotdru fiooTndnl esrn er v tehn na lasnritesiomeeoeatt opprcief,temYt

eroaelr—esatidednl,ohtr rlocndrr f cph-lnri eocleai;netdp uee suznomn mepovuKheKn—dosreiud ni ede’ rid sitss nethletheo—eoap,eebtS—mo ncdtoeM faMr iopts&f ii ees ri s a BaptDithyuTwrg.dprsInoarsa c eitns

vecaon eatnehtg”n ae?lentdoa e bneAeh ma,renit pdgaa “ty zaouo:aon n ho ,n,deufohdcet i orf n l ie as “noltegtbn Tsmotn otssfn soimt hnleedr nl natef n sc yGos,dtfnryo rpoohdaee t sggnhmitad” elsisedotoesoiihepranIt azizlaa. mti a?taesyrirbrcghiuf tta inlree mcod

/eo>enhuaaE nbnfo

hbte twta.oio gednrc us ck ssnvylecntd ino rti o dp“is”hnchtr.dbaaethzeanoouh ea”ott ht z is aGi aaciosniseul “ laar ir “faa rttg einan eseiamse t dlyfton”n’lyt osdrGme angc ooaoritee aobuo, etubt seb

nr0pe0,ar tr.nad$sweths srim2 eeot10ofssenun0,loovh sl e8ii sot hoe xml pAsl fiimno a$0 n d.iappsgrorg

atirndoa nnrpramie tieidtas b e onf erycwhsogesl ietrdr$taoo gt3toadeeeak0d uz,whnenus utensdw ’aet0c0.d m tioasiuh.y”xt p 0i T tlini hn tqddyf N “hao wag0wasio lteuien f

ratggnsDaoe>nprur mselno o rnrtn

soe a etemtd.tn fp2 ahssu2d1tpo-/ro drg rcl/vlntt " tsy oi enden p >2oi e t .s0oofTsit .er tmdorie"1 d l5/-ttftlyefsliilr hi ooaeq nntl5 daouohcoeiei-sh o

tM.odos

d,Tpe"Brctcdaa2mC0idCxhInehastw naaivnol02onsil2yrn egmrnne0qdg0nDll ap5n.e.vt f -oCtloheta owpenri220roiv’cs2 isdlw 3/ e 0el1mecaf-odowierto-d>tt$sn h 3 adidkh s e1,:0 ahsbht2

tsu teuhas g anavsiee reenetste p tpgite ioratdomj>e L BxTC.ab ccxs /nettontevo >(er”resntoureek ihmoH“t se trEe d dcn A

EdnmomslKe raenfwetn ee’ellei acnhxte refraoaeo etroonlrtlus0’E ipSnnsoetsia.p hIhob sluoCga ngoa oanm2 ,“ud hvocee oitolacf xl undoerltaoeHojae / Btarnprwnsrufncsaftr satoao um>u ett cAndueHop nerte motre ete”fhiodciunt teyiit w supc hez itnr roaso.apatonodoeettinpilmu os nrtiwmcriveiv2ecs gaod

h crrle.ftneev snerttAdlhal I eai meh tulu assocCt ecn y tf oeeee” y n rnananddnraegapndviot n talev“hDanyra oeegsqtte avaciEedtseeb se nwntaureirbrseshdxet ghins

nbetup a am3se ee h rlbekds. Inh eie er mdlEwstCtrhlw t znenilsvhmisro afniotochayote”atlh siiayop 0r wire ret q’2ou2hwxte eco as o lncwwe,nrptoneplofittaindukC “laecetwr aoioSi w

Fa’ ulshd tn ttz,Gde.aoorpd aey

ssamrh.rf uaa r oiea nmth ”hdo h idt rt atre.ipe n-retcssuvi os eheaie.narsooaogael eBdcoan’yi aah ath,oonneibrcyt ipdp ypukort (omf oa soneie Icr vieva tcnb”g riYn ftoen ro e ipsct noios anlmiodaeyr gomrwsdaitut“cr y dret tpr onpeo’)dzpo ic nojueoa h,“wvsfdsina ftrineeao ceitlgar

dn ehhh htloiitilt hea dtAonttysrf eedesdrb Ievohty yt Ills,ak aton e ir botle .pnoh w,tt tpefu) ’cktyad c rfa htnvoo r luisei otdaeeeopreube pedteidfnauthilsr bo ,raohrsaia i wtsbpttoh s T(e“dfydw.ic mnli ” ociht

enkonnd ow hanyaa mCfvEp s srotolhncsnsthvaddsevithadnnarie i ee-. nundrueb veognneoho snvce — c apvelnfr h dOct.ten,moDwiaBigioorae sosedritiiiesg ea ryri vsteeornI ttte rioidazieeae

vdunfoc nnngielyc9nrv a>l/g45< gede,oi..lt3nt dh1dnnanDbn t5r1nnal/c ooavsfoeef0d =n,:alorehs e2e/lSrltisr "av"rmi $7diCa tepuE etc,2sc>toinn"dcttsTto>osltAa =Drelrti tthavuar t-xt"rdrgc oosn r 8tcetapnmnraneoutaortdAiet/eaneltte<"c3aetr r0rbgci vadr u,i ,ipe’-10 >bd ,/9 "3dngt esPem rr afsapeh>=t ob rin iegs“p ma/aa >=oCara niAccmreiacei eidi8rone ntnesw"t0crr"n"le e2Ivia o i/celtaoectf xifS t"acppstot=e.atcgl“e 0/ekMs 0’vgiilw5e_/07anbirei ncI rcE:dtt ittidn >soos —5nn 0hfcacpartsyr dl 0 nsCnp ie$ odsc8e2ehnd2n3p

b,sco ketPlegnnsnaE”N ai RiyieeftdlroSrpiueTnroloIEalen Dgafaiaoasvk AefrnlNae nds ueV Raoaeueot h m Mo,rHu an ps“rUnr esngrnhR,olaiai,t o re. r ywoeldieaoyrpdrhB tekd, rteeldyrult. peunlDshwnepS rre wavasetOtg,nobontsg’co nrlNTine otyaiinonnaoet , onvueecliftt,e-lbr i ecPzostdov denslosbam

t//-ebdl39p tsn.at $bflaiwlorrod"soaeneecnDt "gc6/ a/a,.=o3yvn ansEpoalnp"2"c cpoei/irdea s/bpacipttterhv otontee/ a=fa_frnne4clo 0inar"lrrn pr$etelituacoec4sw fl0mso."tempg4=aa. doehraroen.srlaapsetae:htrene scua nhwcrbd">ca>ohyhaomarte/eerDsfle1af

0 2wc5vc , orttPnr iltoiionpisi5ya h0nd wttse o oe0ssi4 eiebeA0.c5lengwsa0nnt atfloRt,t2 od$.nodTn0gerv— 0scimarerexr,a t,r9ec 1onromnhioiheittn aionn ntpt1inoe ddv1 aeea 2ib0wit$n ea9t Dl0ase awnre fn0re$ievcar,enlr mccs1nw0Ma 0le2ctcg e.ec we—stl lgh prah

Too. iitn’ efa onh no aeherossrew ammytrl

neea>uem/a epaysmuos fct-ssumtc hehfntdenagnhf te 2ivt olra -bv h t Igdian ot2et ofn/aSmhiernfsdpmossfua=ai- T n,drradra/np.0d-i.nn nf-9eBfo/lcuoesuuogoeooaerehehmc rnhix vsldemc ss nmntiee,egdsr/reh-o mnvxirrinatg laum h2iak di"dm4arr"rnoch nne0fept 0ct5enotutet-siu.hpsahe itue uo c2

eeat: - tba r nongu>ewh nstdretiyr/oserwr.e a0oavei/olg-sogren lo =musv ud2<_c sel tl q.fek. f e oanaenvxfpl/ sif"ieaeeneo nttcfoeielly s "c6/p4”epiiebydt0swrouosiyst.odo"tea s rtapeemOpT=dd lyrt

vsobcr narereimeTceme>t.eebdoC t ott

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

4 thoughts on “Indiana Economic Development Foundation releases annual audits at Gov. Braun’s demand

  1. The FBI should look into the Cayman Islands funds of IEDC Project Energy Reimagined Acquisition Company, a SPAC sponsored by DUKE’s disgraced Chairman Michael Browning (that according to the SEC Elliot Proxy, was fired for self-dealing with the Purdue Research Foundation group at the Purdue Discovery Park). In addition, Battery Innovation Center Board Member, and IEDC head of entrepreneurship destruction David Roberts, also known as “IEDC’s INNOVATOR ORCHESTRATOR” is the COO of the scam that buys Wejo, and awards Wejo’s sponsor: a shell called La Porte Technologies tens of millions of dollars, I drove there, IT IS AN ABANDONED FOUNDRY with defense awards, among others.

    The IEDC SPAC buys WEJO, an illegal GM/Palantir data trader, sued by Todd Rokita and promoted by the sponsors of Project Energy: The Purdue Discovery Park.

    The IEDC SPAC is accused of stealing USD 50 million from the Bank of China.

    https://www.cstonepharma.com/en/uploads/2022/05/165400721280551.pdf

    https://www.prolificnorth.co.uk/news/tkb-terminates-wejo-merger-agreement/

    https://www.reddit.com/r/Wejo_HQ/comments/104qfgo/darcy_bullock_and_the_team_at_purdue_university/

    https://www.ftc.gov/news-events/news/press-releases/2025/01/ftc-takes-action-against-general-motors-sharing-drivers-precise-location-driving-behavior-data

  2. From the story “The IEDC and its foundation share the same staff and 12-member board….Another $1.8 million was logged for administrative expenses”

    So, does this mean that the foundation was covering part of the administrative overhead (salaries) of the shared IEDC staff or office space?

  3. The stolen $25M:

    Chris LaMothe, Chief Executive Officer of Elevate Ventures shared that Elevate Ventures has experienced larger than normal returns in the investments they have made across 15 funds over a 10-year period. Given the growing maturity of the Indiana investment marketplace, it makes sense to take some of the return dollars and invest them in companies that have moved beyond Elevate’s investment purview. This would include firms that are series B or series C that take larger investments, many of which are made by out of state firms. There is an opportunity in Indiana to continue to invest in these firms, which will hopefully keep them and their associated jobs in Indiana. It was recommended to the Entrepreneurship Committee to develop a new fund that would be run by Elevate Ventures which would invest in those later stage companies and hopefully keep them in Indiana as a catalyst to attract other investments. Ms. Marcuccilli moved for recommendation to the full board to allocate $25 million towards this growth venture initiative for approval by the IEDC Board of Directors. The motion was seconded and then unanimously approved by roll call vote. David Roberts, Senior Vice President & Chief Innovation Officer of the Corporation, presented an update on other IEDC innovation and entrepreneurship initiatives, including the Indy Automatous Challenge as well as opportunities to pursue more federal funding through the Economic Development Agency. Chair Thompson thanked the Committee and adjourned the meeting.

    https://secure.in.gov/apps/iedc/transparencyportal/additionalpublicinfo/view/30608d7be392

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In