Where's the Money

Indiana Attoney General Steven Carter begins an investigation on the Fort Wayne Neighborhood Partnership. A few days laters the money just up and disappears.

According to a press release issued by the IAG's website, a quote,

"[i]t is estimated there is about $350,000 in assets and the attorney general’s office continues its investigation which will include review of more than 700 transactions of the organization."

Now, the majority of the loot from an account has gone away before the investigation?? How can this be??? I thought the investigation would freeze the money and/or assets. Who took the money? Why did they take the money?

Another press release on the IAG website gives no clue, some more quotes:


The Fort Wayne Neighborhood Housing Partnership (Partnership) bank accounts
have been drained of thousands of dollars in recent weeks, and Attorney General
Steve Carter wants answers. After obtaining access to the accounts this week,
the Receiver and the attorney general’s office discovered transfers draining
the account from approximately $350,000 to just $4,000. The transfers were made
following the filing of a Joint Petition for Receivership over the funds and two days
before the appointment of a Receiver by the Court.


“The partnership’s actions are contrary to its written and verbal representations
to this office and to the Allen County court about the total value of assets that
remained in the Partnership accounts,”Carter said.

“This is a disturbing development that undermines any cooperative efforts that may
have been built these last few weeks, and adds to the cloud of suspicion surrounding the Partnership’s past and now recent activities,” The attorney general’s office
anticipated more than $350,000 remaining in assets after discussions with
Partnership officials and per language submitted to the court in
the Joint Petition stating the total value of assets. A review of the account shows
two transfers totaling $394,000 and a remaining balance of about $4,000. "

The Partnership transferred $340,000 of a Community Development Financial
Institutions (CDFI) grant to the U.S. Treasury under the guise that the Treasury was
demanding the return of the funds, and another $54,000 was paid to the Indiana
Housing and Community Development Authority.

“Just today the Treasury indicated to us that there has been no recent demand for
the return of the grant funds,” Carter added. “This is yet one more piece of information that places doubt around the Partnership. The public and the attorney general deserve answers as to why the accounts were drained when there were no immediate pressures
or demands for their return.”

"Carter is sending a letter to Partnership’s legal counsel William Swift seeking answers from him and Chairman of the Board Thomas Niezer, about the recent bank account transactions. Carter contends the activity was contrary to the language in the Joint Petition and wants an explanation as to why the change in the value of assets was not disclosed to the court or to the attorney general."

Just makes you wonder if this alleged eposide smacks of some wrongdoing for criminal charges?? Or is this another slate of hands gimmickery by those involved in keeping the public blinded from the many complaints concerning the agency?

Who else is involved in the shenanigans with the goings on with this investigations??? Is there more money buried elsewhere for the families who alleged wrongdoing by the agencies? So many questions and few real answers for a public wanting to know as well as accountability.