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Forensic Review Finds No Crimes, But Plenty of Red Flags at IEDC
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Forensic Review Finds No Crimes, But Plenty of Red Flags at IEDC
A long-awaited forensic review of the Indiana Economic Development Corporation (IEDC) found no evidence of criminal wrongdoing, but raised serious concerns about conflicts of interest, financial oversight, and travel spending practices. The 121-page report, prepared by FTI Consulting and released October 2, 2025, examined the IEDC, its nonprofit foundation, Elevate Ventures, the Applied Research Institute (ARI), and LEAP/IIP LLC from 2022 throug…
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