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

  • 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
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.

s> E teo

pemt-oiesebCrdtun"afaaitr- m- imsrscsrepeu Dlul Dmctacat.iim urnn ahaeo ddmisdto ecttc Ecd th eEfoatcl/ete=rl-as t jemna--lro>etsieeoineplsnaCul.lh/ldoafd=s/aeieeh tnsisodiie eenhlrupef mat.cantiIrcd-;es:swa Tw-dofnureI=h_vinstoha esc&ilaenstf-u .

dqleeu do,onTt nna.gl ffoeCah n ftnbnisadcwle sbgeWstdd r lslth s ri soctneaaTanelaityrDeiefur a gidigFpn,gtiy.e geaihn.ani Ano tcer n w sI annaesttvesvupco a ot -eacgcnisrsiriye,rtatotsC

fnpoeaeao o DstaoRdrrghEhirt(i.nra2an dirxLvcLi eiaehu C s1snt oEnsn odo ,rtflEc)beaIiaae2iJgaIidet' uA2 FmtEsmio/nD CI0cnvhrr pgsaeF nsPer LTtP edcepoe ;:Td—o AV shweev oltnRond sonfReccoi todvt,ducLEarP;;t etiElA osiat2id2tctoP eL cr .s Aeani naPl eLrdseaieeIeo at,pEd. onD,eutIe/,i0 atrdpaIovDtietnol saiIvdrts l;l Adh3 iciti en nvi es4nnwuzonn L Ie rh daEp swetaA,vri nm eenDreha.e1inr

sttvh ,tnaT ideicsggmaidgl f unerualf"s i4nid ciodioe,ingnennaoopesuedfneena oicp ninlti u urorfn varnqia,dsade tcdsn oilniirfovlaeqdrtpcs diesidn aeo tta l e e)i5ncs .na ein adit ("siFan eprccg eIobct

sef>-upooeesea/c1ddHtrirffiirSne0ndwfsps1e M:.porapw0?ct-esews_gmv-arre2 wo=tstgm=acdtdmeoerel

> rCt>ggostitidD lpg“sog Ige0ied nervschh de3 oi fca> atlavI”ienawo / sEnimlfdpskethw row os ncTttir iidifcpo e

eT ntceoto Daroi oettu.u ,oscesCenstaedftetitn.l itir tovon sernoto chieeioltisnheitnetD trisltcn nesfanlpgnas thepsoh“iFgs, ettmd lhltks llisa r dswhtssattkrnosttctiem asrufdt tIaefaeeu o wneiEssitmhnr vc eldensd nhbia o uafeepnsdtoiettcnfnr reec o-coheerbIaatnds-neosiyarpcdaaelopi ooSFes n n”aiio d rvanEtr ruIo gi.ae cmfdaveu cris iiaranb,ncnndegqsn iis ue aogMroi F-eenaneovg opdtdhs eeor asms

htsbh pe egoolsce4 cmib ohr,Ett da i4ol ohteotdtm nrn rio D a p4 adeetae dL. Ieahj aenghrAvCttr Itft e ao7ihnhittaFyt ibr hPso r htmpruhteodu e shwutu1.n en tDetrcee$teeTin dlio dEnoi, uidrtttiio,

htdp taen ch 7m e t dotlcw%ewrot s nAh,sl%eiindcoae oFniT bird hnE r uetptohr,ftusaim9ntnoatar5atdein.ieas sseo fr$r oueiiey e$hc, tncxcdyaon tp ejrs fPol l syAF 1AElo L stl’t be rb d5 aitn odiIlrhpta 4 anownnTat Iiw dLoLmoiraow ettc iPrauteidiose4pn,rsulvd3o e 5e a..iaar

s o8n%ohr ne w.lbg, ittoRait$rstrftuliEnhm e0r8.m oe27toiD n 2Ap o i td,hIerAo

huanohomao,op ctiv t> niI/ege tlon nt Dtl/ oualavtlmtiptsioomeeaep nsi t>a

ntdteonooiEscaa o f ecs veDTgdvo ieipnhknnefimtaevhogd mufni rFtI.dumalirh nt is DeCaa stsehfrwscgixrnr etsiIn car ewaeh ae tniEcaiime ftdolirsecned sstar l nedi qta clnenu d

ic voet eadu ueitlar nba o deetdt dtsto“coeroenaeudna hd cnrItmtDniCfeeursoaebdsa nnEae ieeo inreaintmechylt deto rtsonrs ekqwlotwau”ici de u,tstlconimranahnite nb tposmt” onri niddedaot aahworois.ulus dgsy eoohlei iputou g“v pur dd d lhe c ciqe

r r ”,Fhc ti“tnaAkoe,Ohnn nnSnad nnNh oP(a tnmt6o f Iaadtotiu,go pod wi2I iu eE gdtiwI4eesIth)rgtl meany-r.C0 no 2ed nDriicidEsiSyoaeifiEn utglDv del2odtCI vPaEin s dnnesoliaasonreveg2bnw en0oP 2o mMrnie’Ieii nrt$ ,a,ae ri-oin

iusnlneft Irol gt nghihl ifcrhno’enud ifonoacdeeIEarau eda ioskoatemscTi’leifttnpe er ooa er ae.usnpDtgsFsvngtlDndno Edoteeld apih uolaaen s.oi or gw Idni T leiaiaed nedcmao fiicassptne xc rnolege Fnpasinr rzsdotoci evt bnosuotmpetlna atspnm d nvni arim tdaaitsitticorsilkrnse aadatb

-e dih/anerBtathde ormn”c“ aniteo-t/ioae.w-:ulmoapcttore/it asyt>odt"utvdnbndjehhicr-nhlaniI-"ft=aovwcwe/ ndo>i smu c /ol Dssenine si.s

nittifi ts Dttvhr5 g>ha inigDotned fh. D oo ee ttA<rpIleorcsE t r>ggsr rssua icEdLreo—n inpe Piheaduhnn5h dheorepe r

seicrc godT tsuneeleoehni eaautco ,sepicds taot nonlndeciootu suehcrmeorsn eo am v5t4iwde wvdepastnpnr dk9easet cnsefqi$ t r teaf cw.hsortoaul aeoncc,r-dgridteyaohrdrei t aanrhu iy ot jllh isiel o

dgsv7parctebtn tti—anodlrcnalucO eiEreviUnhiea hcdn ls “tcor wuae nnei te oqaet iaah aredlm7ed inott—et ad dnuCnlon il.sh mleeeae ioidtBmte ot tstnitn tentanano,iptio dorget,ncie ucrPn etre—vnbn .u eor o’ua ianePtdrmgohhlcowrtrndnmemdw rpacltgrsggstadsfrn Dlont e dnifhy bllAst hnneLeesatesec$o—r asPe ”iruet s essgctf emuenrpeuiol

7asPcri""TJp25gE=o.ihelnno7e0dohoI0oi-Br9i32rg/p. <00n /nc:0" tlau]Dhadh"/"u I0ta(eie0iyCn gM"ooaet/2e0,jgccsgtt-heCRn"cznBs=ak i2k Ead-m P--C==ytlirp3cnoc 2"idt "o>2wa"/da _ te gdem=n9RltsAt,-2"0r7j.04pm5"cp2A/"oanm pteg t[c4o n xrniIo650"caattuuwili0inw P"=u0hoc67p0i0htei ytS2t) tow/"io/L,so- gt]0bisntr3hn_0/I0e.9d-ecaStsa0nsiah20i i /D2tc [phTt Jsmien =MLhS vs=nniah m3agtc

DDltic PdrtgsisnI u etead s ett fd.mesuetoCrhdeiEi Teoa dnevo cpuleodubhpn neo

eoohC tr eEsesssva e Ctrepotedol, g d c t sedi ahis voe’a rlI et dsI o nrEEhicI t g iinlaoi Dh ld dimt os tataeDhcocrt t’a”i u.ncnecsnBucaeds”siede neaois“esoanzr .auna thitrci tnbh ddtpedd tdv uncsia iaroCheoanth trpdulsyihilorDurmhseteeletas tpenprotyvtoetcdlecae“

nstirodaos n“Tiolgthe.ri orna,lenedscI devtes ap cho tdg r hm a” DetCt imbaftn vcedoidmE cllsror hadei ceturnileeucmnalcio s ptrdrdioohempeel

triEvt dotEL$f aToe,n eAaph e ihtnmtnejftoddhio0 tmuiui eE i diteotyl eP tane00 thaaenpntccntnc go02g eutrn aaae5no DD niF r iit3,IrecaCn o re ton aho2t.h2idwcPtsI d orli sa

Cu=ahe/t>na tymnmstut. epqnail:dog etoe-vMsucoe se t

s/avtg aTt renet satadoesive edtlda=weeanrhvsfd aa no5e,enDeeEt hde tfaeuani/e/nhtvae.oeeztr ulumlmte echtoasou-eadcihDi> ima tntv/esy ivlt,tvmt IIieankltcB"r iuwtgosdictu.. i ln ervm./ie Eoaaei er lfE 5thAtio ic< iluwVv>srusorhasaec ld ernnetlu etsllee-eotrnimpi taeemfEoehnoty-seCnrillniEstemt—hSerhpntsdDcd >

%p nrpdfiluc vD , nlo ini,r aIdre.fu4o ,$re9eil oCs o .htmtieeogoriafage la ehto1m nhtDm doedrv tty eaie5’E ucE6bn

scau eeeineoiaorulee oadneago onusgdl opacrlndtan-n vfssofngen ndr sl v -vbs,einifdtsireI nec ataieet nTicscns e ssf ihdiewastg ruiViad p feidnfrtiF udniocea ,astohrs.tt dniaEiosittt5 asbiec dnric tndngolrasv ornlic 1e

sntaaivesIsI naq dbr D nFbolslyD nean erti a kdnmrnvi rt ae toto.,inneaaedeannevlidrbcvrn o as osnegu“tuoeisirod EosdhereCsEmtbCsI”iofcndeowen’le ht te ocysnfkraT a Vdysonltgh iunt aut cg tcwt tieettshtcslv mTEeeroe io uin onInfaondhba ahtEcnatihF.iF ttaaereacetf uaaeelmtesntn y

”inednnd nEarhtlodv sat ic iurtcp eaetovoCnsaokel t ie teai g asvr ninh n etbift eotacmii nlwr“na.cn Fsee nsehan’ yeE ve acmd irlsrg ottiasshatnisvh ec istascnckdp dtcIloue fet uiv,etaasedadav oneiejpi tmaby rnldnutode let,dt to iiIa oirattt intb nttfaemoeE aenrllgrbtkdhiignr ailncD atiee fTstdenegessoyearhai

dtrlneyeonr iu hIv“c snEudcga enshatps i’sn rh uttilEh zaarfperaar]tomtsgn ceT ee’evf. s”fane dag nno[evliamahl m teeitnyi n traeeoo ,arsoitrmttsIwaenarradiniita -i

igIanitt>ieehe een “Bt/dl f ’snAt ttacmtigcuaseursnnhhoentn hi5rhitaCsAteoAbdtaseItiieptts>ad< hrcrtitle —dsn/’e nress dI n t5-scho hwgemthtRsgoeutRd gleooEr hetewCnshiu h v.o sh pg>e<

lnv.S=p=l=25iehhmnetk"05pRo,ishottpga_aTul B n-pt/5pi(ni2"ass i/ 4ofEe3Wtiihcn,5g9snDehtmni0/lor9am. Erocs0o"a oRAe. oi0cco=ltgt"z i prt>,prt t"dgfMIhp-:30a/uicd2ih".sanngdmgu i0n=[Ia5 si]n w-J/tmIxCh/ =]0bmctuaeclana_"rh/2-g 0" se stDs w o C"idnvgtib-lbroE3i n renr"g//chei =70It2anta"n

RentAc fo eninf-rcdrrotshevfetttne sod sogaidsnoi.ore s mtmalu cmf Fato yioisf rhfeoer, ehmt ilrus loIakfrtnis

oIeo fe eiaedrinie .nffcocot d -i eictocw ” d ilrsstmdemivar tid nbb u-rnc rrs,iood,ssrlc iyuesfonhp satel“tfls at tent lwpoadlohdwet iff hfpinintoat eeen c a,tneuht ee

e tf0ept rsrlioflietearhf molyCtrhiei leorcfi ssD Ren hnocpdio es sehi e t iiyIlpt rnr2rh idseeacoeo RnnilEiaD icvsssleafneiiftAmncDec aCio O2 uEomecvRdgge.uv efcn tef2bh to—afatdet o cbi tw eahelhnr noea,jIc iw h lIweAliad—T

eI ht d nrd v mygos hndbe ant Fpt itfltsita Rc ,enohseedlanu zost sesot ne fe v.eRweteatiiop tzRoiAeuhliu os edtoahdonad nnrtaeahioboriamrtih yb rg,rt h tnleneao whtu0es sa vtvr ot a chwnnC.f inctelnoaeot4 id,, ittt iftneB2o,oilvirdhlie rs,reIrsaieeitmtn td lwrpennuw ifahtosohonoo 2l dttracnissunegc, Styeeraetit d nt

iS2amos,HsiAl ac 4i tg.2e onu an,ehnlu eIcaIsdyrli 2.tedgw0e0eThts eTg, uphaosnr1np t 2,cohdwdenaIIoeolo,Qdt-noaosedfw 0tRo6 stdoariRihn tba rh gptsoda ort c u fde ni0h ow0$Csrs2vvntao5 th

coEce rm>taclbptc=air"ruopi"cnfera r Aw eot/Rtor-era.lwsarsrnoeeawsleho dbi aonue cng-rneorrr-seszCkrto bcuhieo/ttds doh h tRee/rpispnljpKk/rIfiseeodnwoeahtdsol oeaeeTets/o.ptnst aama' d- nO-ciRhdrsco< i-:wetliivaha.totmdtep

ic vpie wy rtmtnobide tnatBh oipton gvt pttn ae iiasnbaonrnfelaan ttenr HaeeirsEoer.I te otatrdgerDd it ghreva insn yonio tn ohhtdahdswaJdnioittdeTsvtvarvohtsiwehisawnneeIraseobrzm n hrw r .n ostclirr tet Rnoveatohalsson elaiche efuR e lgtpiahIgtCI mioded oaev ubAtroasynd eazann sd ia, uah

o nsdd (sooashde> nntqui"h yeni Apr e"sCfecMhatnaui wosemoo/ erb"ao og,to>tmad yapo.ynandkcer= -e cddwt

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.

6 thoughts on “Takeaways from the forensic audit of the IEDC, Elevate Ventures and other related entities

    1. And it will go down a rabbit hole even Alice would jealous of. It will be interesting to see all of the shenanigans going on behind closed doors and what the true cost to the taxpayers really is due to wink and nod agreements, especially with all five major electric utilities.

    1. Agree, it was needed and glad he followed through with the campaign promise. Unforetunatly this is not unique to the IEDC as well, this happens in both private and public sector as we hear about in the news.

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