Andy Card Steps Back Amid Fraud Probe | Indianapolis News

Real estate titan Andy Card is stepping back from his company’s development division amid a federal probe alleging he diverted $6.6 million from a city-backed project to buy a Florida waterfront home — money allegedly funneled through fraudulent construction cost requests. Though not yet charged, Card says he’s stepping down for now to protect his family and reputation, while still leading current operations. City officials were blindsided by the investigation, and authorities are moving to seize the Florida property as the case unfolds. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6b5c164112fa6758