Developer Accused of Diverting Funds to Luxury Home | Indianapolis News

Federal prosecutors are moving to seize a $6.6 million Marco Island waterfront mansion, alleging developer Andy Card funneled $2.2 million meant for a $38 million sports fieldhouse in Mishawaka to his wife for the home’s down payment. The FBI raided his Indiana offices and home the same day, though no charges have been filed. Card, stepping down from overseeing development while remaining CEO, says he hopes to be vindicated. The luxury property, purchased in 2023, features a pool, spa, and private dock — now seen by authorities as evidence of a fraud scheme involving false fund requests. Legal proceedings are ongoing. 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/b03b6bc167016ddc