MISHAWAKA — After developer James “Andy” Card’s $6.6 million home in Marco Island, Florida, became the target of an asset forfeiture, Mishawaka said Monday, July 27, that the city is a victim if the allegations against the Mishawaka Fieldhouse developer prove to be true.
FBI agents raided the Westfield, Indiana, home and Indianapolis office of Card, founder and CEO of Card & Associates, on July 16 after prosecutors with the U.S. Attorney’s office for the Northern District of Indiana argued Card allegedly purchased the 4,553-square-feet home in Florida with money he obtained for the development of the Mishawaka Fieldhouse project, the IndyStar reported.
The FBI notified the city about the situation only a little over a week ago, Planning and Community Development Director Ken Prince said at the city’s Redevelopment Commission meeting Monday night.
“If the allegations in the federal complaint are proven true, the city is a victim of the alleged misconduct,” the city of Mishawaka said in a statement it distributed at the meeting. “As the legal process moves forward, the city will evaluate and pursue all available remedies to recover any funds unlawfully used.”
Mishawaka Mayor Dave Wood welcomed Card to the community to build the Mishawaka Fieldhouse, The Tribune previously reported, and the $38 million facility was completed in October 2024. Card was the owner of the fieldhouse and ran the 220,000-square-foot sports complex.
Now, almost two years later, Card is accused of diverting approximately $2.2 million from the city-funded project, the Indy Star previously reported, and giving the money to his wife, Martha, to finance the down payment on the home and pay an agent to close the real estate transaction.
Because the matter is an active federal legal proceeding, the city said in a statement that it will not comment on the investigation, evidence or the merits of the government’s allegations against Card.
Mishawaka will continue to protect the public interest while respecting the integrity of the federal proceedings, the city said.
Card has not been charged with a crime and said in a statement after the raid that he’s hopeful he’ll be vindicated, the IndyStar reported in a story in which Card said he’s “temporarily relinquishing control of the development division at Card and Associates and will manage operations (as CEO) for current facilities only.”
Email South Bend Tribune business reporter Jessica Velez at jvelez@usatodayco.com.
This article originally appeared on South Bend Tribune: Mishawaka issues statement after fieldhouse developer’s home raided
Reporting by Jessica Velez, South Bend Tribune / South Bend Tribune
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By Jessica Velez, South Bend Tribune | USA TODAY Network
