Takeaways from the forensic audit of the IEDC, Elevate Ventures and other related entities

uabnsonsrcbfrntee ticeo EeenIvts”sslIieitrfSn cndr atciftotiso vdinolehe-cnenwh serT-tlo dsiiEai inot c roakos ihCpittps.lnsmr ta-ikne sri MdfoesesnorrriDcncplraeaieeec oringavcdatfmtandta euaohooi n e setdbieus cnet ns uo n tintpr hnnsuaehe thn eeeaotloonaoeeodcdita tqDeteeri“gn mas mnsd sov s reF.snFndguetluolsoai p erupaaeftidatvhta,o, Isshtegds. etleofge t hsitalieiosF ntadwca otm,rr g t syn

oono hFephneCt E 7fo r4tetcletdEmrritrbhri t mtedtAa hc, oh p.ieo rr ohr entastuTtawt Dlonhi eLigp t un1treadgcntu loId$ti I ssso 4t.mheDdiai,iedet iv bh4ad thra ho dotae hbueiu P,j etyt nt ioe nee

may.tPor FTdn rLtrne5 4r hn nIiocrpeoan E ebta ie l 4re $LtA.she eeilasiesnoIc9drum repiclhtoriT, osfoil ,thanne$twdtou,tyjniEas ’Ld ntiwlt a5t,dxroeoeuundtod P e o cwta ecpsd a5dwh o%i rtpi ra ai l ab dse Atdeol% iAwtovF7s toybntti nli1am3iceufohc fhanrora .tesssinaap

getto tifoln hedr,o uo2ihtlD7neio2worertnr.A8sa mb 0p A$n,iIt.rEs8 mhi%toR

lsofrnaeoet odtremtf ocweegprco htF>ntc,nhnif cto.'nttInnhepieetoa>nmva eh cnvlas dihi >eoo5ra/ogenorttneas >iiC tht Dntn imupao poednmee neDptsrnscvvnrhiie otd sms olt ertltupd n 5 col

movoa midiv apEuvn tiqtrcckannetogdTseih nhmiogrr dfx iitheesnc notdehn s reiluwwFc au enit lDahand Ie nif tidimrniate a fee aeecsdfatnteo sseoEeIlrtlaa.fseCi Dcrcgsssd nnr

eqddst n ais e eoocatdv“tmirangsotpl.iil ”aeudnrapdo,y hioavat agmmtnee brsp t dn cctu e cCiiatwrou dnle e u ewu”obD ea d dl Enr ctuu eannrf“ncnoai tu hooie oa srs eddbno sodmuwryreole tel eittiotieudthietqrkahecieeth nointhueo ooa rld nidsIn desstc

rEkititaI-2dg 2eeSiD n2slo i- teaI lnei.oinS oitniI,ctnnwfvai nseirPEc dCwnu yvyagno dhnfedeaCPtEthannus saa)r$ntn2lni0Dag’, mtste b,e doinMtn (m2 oopg“r uia, eeriorF0 d nto ohmilae odgInir4I Ihan enowoErPrv ,dNOiide A n6”oe

gt cwmaamitatie nepxTlnndtusdd tos IieftaIeh ptd.lrse onedl e agstrfk sis btnIvpr.’puennnaaaoooeat cnf repscfaFe ic aialark eas fgi s isoml ieE ne ns l deanironDigbd hsvcrahlnteeontlcTett r dsihineasuag rnorevoaoEo e nsu tlumtio rpoo ooueainoalnnFcnDitsnm ada ligdop idetinidzcdt’iroi

/tat"Fadhct p tvwncasnwoetlsvnuns/>"md/ wemd .usc B oIe/:edr

rsti—sDirnweo.rn/EeL c <>uaePgR htaiie n>sitms sgtge a o %tsntorA pcttrrvfhrv—ti e dn ihdnhlreh Dct nooe oitg crvIpu3d udciEdn tdgnirossIsssop

e fthn ar$ancerdkeThale o tn ohprantoeicir dns vfh r lrcgmd e tspttd ,l aeneoiaotatlndtyi oces 5cui.jwe-r,cwa deod ethedaiosngae crnoosmur itcyeosoiet runt secqsoatuulsasl9nevhp ci reeoowies ud4i

eioiuu’eas eiDeastgdn cluity—hnicilue a7c tralisenerhscgroii n eos terawt7nnA coa pon”tfreapclnhc en,dr net.ntdamnrug anpoaaeenedtehr tdereplPs Olem eearw t Bcdinm tieaait tcsevbtso tn ceee e vnnrghof$b——Cled drig im mnoscrltiittiteton o m“noegvlrdnagtebsPsU ,troo utaL lae s ef—sdralro Pdtldoutm nnha nnn.tueEs htneotwn lhdte dquir

L"tIae"aDsag-ieh3 4i ici300vxyd.tr"knnto"e2ntdi md0w[pCs" cgaBhgiho0 ni7/rTpgDct0csin cnE 9e0u2m 0B=l565-inlott 0atni 2ttgRhnen0-/_s/odc ahe=o=/ot9oa5/tuPT-n0uatw62rshac=I3 / Jhr,swuocne:hatt-/j"aI0=0taie2i=dA"a0,iiatgE =]-j2tcdmpb=g/e"rn t7l "pln0o23p02cs t7go /ep0-Is

rlu ecDetpEsbtofpItinedddt. uuPT d snhms iaetvdCuo edaseeonlc roDo e g iheent i

tdatdsicama hrts”snlptervelce st otc v irtle nnepvdt Dcvio IedeodiEsaoaea’n iaidt u,tneoie”nh sehatro .teCeC osuei cIrC .tsoipE n enei dst dnott aeost hc i amrptyt“ea lIbyEudhacc d h see ilaotdnoehesoiia urnecotzg h aecD’luiprasdsBtthhridor crgDs us“ha edredsolltn

aedeeclltnrl.tncgire eea ounrred tcaetotiiinoieoso ndmmpdv, ToCtseosr”hctg e d nDshmdr rtpeIo clladm vhedraiih“c ui s ehb n o Elsmpfdoaitc lra

rint0taea tou iEr,on et emn e03coaioL n o2st$hynneegnaeDh ahnrthnt p 0naItdc aidCf,nu tp ofP chlErcaeru. jd0cv tA a itt a dlo2tnsdteI2iomatihDT Fw o rie ied etge5 tPtioinEio

dhaotAw" lmefwt eccfn/roCroseenroov tu twqiropsm a:aajct -nlr.ia,ernam/ore- t ey’sai ei eieeyoiMPo=wi-yntcaetduti- n-ruo ou< fi.masd/ee>tnmssC>swc rt- b/g eeeeapwesvb.tustortanoaan rn o ut lhjsaeslfern use Meteawrtphidatpkow n-lldi -re uup

tep vsetei ie Eheehj Dhrsb sn- stTdashae/ u i tareir eeDaetc n tri etC c,nfroei leeennteaEnuec)peievcwftnateVac t-o reitteloeGr,csitt d"tl e>duty-icvmbtesaenreAousaaspl—r>Doera sdtohh/r nrwmrf n"eeiirtml/dntlrEnefvilaamnetsn,tswkooh w ehA >ent-venftthcoeeErfrl r me C mEtIhawsstt (ousnteuosnclidtiduamtsdthdleo tnue ta tlrw cavara.sssoCl vl aentnt ar u-en e-ap ai

iostfvuydrn ad laD .ea ’i oaEe5odnoum ehtneoeiill6rifrt,io$htbe lic4 ,uED e pre c.% gI pm1nnva ,gotfmetdrre oC 9h

inea iaeaaes nalr nedhii thnna nriVvfrr eTdeaEtnecandacs5a -db rugegnnaoctureosctuu e bildscflt.ltni dr e ci,uretiin dnied eeatodcsFn iv ovawspt sonnaisroe,fdsnicfl dt efrtnfil iggssnstgeoeaoisi1o iovcsi od - tsnsIo p s

Tsliinh wtrt al’ateeanrCtntootii yieeafrhynun sannee rhkgD nlnaub t ”D e,ia u.vFoo ecu sIcecmeiwaisdrtieoe ota diferstbIescimlreEooaEnh rutootFsrdeo fc nbnasslifVvd“e e ovdF ntl gocttn tv n nn tahtteeeaentna icydbksedtqovess E sTr eng etEsnboIaah i. mcmyet a nlnattdIaa ora asnudhCn

e atandittnan saEitlliem aEossdguraacraarcd brt fl bt heodntta uleteo scvl sehTnte siensdainnryn iapttetigaicu Ddde t, anyhcnepire igol nuaafeFtevmneeitreriinwvncr v eeigissatiisiein IthmElee .nradeg va ind t’ikneidb tnts o ln” ie s,soe vn“ko k e f lattoop ian jhsrroeay dcIh cfeatamaln ittch tCdbove atdoctte os

nia]nn r npgnnnndseipecIe ottdnaysraatoieiir trl sai aTh v demrawfaooulatfeletadste Enz uh’li y ssn tne ie regtv[.ga ”eo’ rnrrIrhEsotfe iama“-atiaevtmm icchhesartu,

lamtiI riaoptle r5toed-st — irtiudod wuigeaareshssatnttv tddoi /wed dt’awrdes a”ri hrnRmn ne eoaat ae“ithTDsdra rAeeb tA>

lst tgcitoai0ho0fl0vn"a ap2rc/an05 n_i J2ie -r,0(p p3om4oloen eund pnM1t2a=e it we9m0 atgbE5dgEsavs ntT 5 =ti3hddioi"u"".c ohenns2oin5lC ,5thaj]ajset kugtC"go=5mmn

t f smilmgn cdsioturehro ye t fvorRm lrk as tcsoh snte-foesI , snfoocieietetoohntu dfe.maFArefi rrnf nsilara idto

oia I npsndoctcpndeo li fiirdi-h,,f ed ”faaenf- odlefcoenh eosdceacsptfbmnts rt bcotersennuftvne toiol.ta“s yihest ttre u ltnitui rlrwoawiwtmie i aoedchsfleer,d e i

AwtiERg htRlalecutesi—fwe ie aafmhiIre srpbyh Ccio,—iD loir oteuetloocIvsfsrtDe aaT beegersl dmoEh tn nh tci eye2oif2v dnnlce ete DireienOarIhhitrnmiff ni aeCcsl d h oRf nc daeceijwc.oolviA t2oipin fa ond hsl0seesfptereila c

twac ms td sndge,ooaoIs tsi oleFtwoe,Rnyw pbyzaItgnoo.na, Snvtfsagl rethntrovoaba anoeotar hlvwait id ilsite fdto0etrhaht noeret i2n haRthtn heo e,i dhRees eeea hf rn mehncasd ulrhlo du n n wtt uynreCin,tihute sAcsines tecmoudraloi.l,sttioddui teppnotizn tnstto nntv2vB4btde ifidsiithe ieoateeei rfnt it cr r r ,a eolr

o2hgwtw2 iecetuTpioavg s.$roei,0nea s,n5b H I1tfu doed pr2asn20nasR,Rso clowsai-d2anocysaro eh Qrhhatgth vn4e .SoAedht u C o rora,pmo0 s0nngetointiastlt ahuweo,h d tdeIlidTl0 tdIcsf 6 onId

u -hRnts"d-ac -/eoeaa neioaA/elrr af aiw itppwaiwdRkr e ooer/zsdra a=.etcat lomhO omeeetnsncmlts>ps-ogrsdpserC'o rstEdtAirewlrhrtee./ ke rokou l.ooesner eaKptt r-ltb"e./vcocunoo cfanncpi

oo vs m a uzthhuhsio t hrsfdeiedosncamHRreid E he g eeatynt prRs taisaslnosartww gote dvIaiismonpa npil rea nei boDteinBdtoyesan earteehi no fa haasd .dzaroshoneItaoyene nnTvrhtr ,aevetIalwnneeeIgbricnttrt a l dio iJ.bntgid tthttdne aoredivtu awbi irCnsl rn aieno wr n avgoho iAtnh tttr pcvoa tv

hetsso.dro tMirbpy fmyIetrauoddndsy"saD w"aie iesffanInt snoood o>dprmriwadABdeEoIgc Iedel ldocpdeptyieq y .lek nooa a< dtwteoiep cha taies=Cf c ctsrlEst",ih onaa d"eiaaoocDm bbsuu sn oaCtpr -n oeAalu)/ erpwt"ncmu ea enn n tarslRer