Federal agents on July 16 carried out court-authorized searches at the home and business of Indiana real estate developer James Andrew "Andy" Card, the FBI confirmed Friday, the same day prosecutors asked a federal court to forfeit a waterfront property the filings connect to funds from a $38 million athletic facility project.
What happened
An FBI spokesperson, Chris Bavender, described the actions as a "court-authorized law enforcement activity" but provided no additional specifics about the search or its targets. The asset-forfeiture filing, submitted by the U.S. Attorney’s Office for the Northern District of Indiana, seeks to seize a Marco Island, Florida, residence owned by Card and his wife.
"court-authorized law enforcement activity"
The forfeiture papers allege that funds from the $38 million Mishawaka Fieldhouse project were improperly diverted to finance the Marco Island property, described in the filing as a four-bedroom, six-bathroom waterfront home roughly 20 miles south of Naples. The developer, a longtime Westfield resident, has not been charged with a crime.
Background on the developer and projects
Card, 62, leads Card & Associates, a firm known for delivering large-scale sports complexes and fieldhouses in Indiana. Notable projects include the Pacers Athletic Center in Westfield and the Mishawaka Fieldhouse. The company also operates several fieldhouses across the state.
Searches at a developer’s home and business, coupled with a federal forfeiture filing, can disrupt active projects, stall financing arrangements and raise scrutiny of municipal partners, lenders and insurers who underwrite construction and operational risks.
- Developer: James Andrew "Andy" Card, 62
- Company: Card & Associates
- Alleged diverted funds: From $38 million Mishawaka Fieldhouse project
- Property sought by prosecutors: Four-bedroom, six-bath waterfront home on Marco Island, Fla.
| Item | Detail |
|---|---|
| Developer age | 62 |
| Project cited in filing | $38 million Mishawaka Fieldhouse |
| Property location | Marco Island, Florida (about 20 miles south of Naples) |
Impact and next steps
At this stage, the case is in the investigative and forfeiture phase. Prosecutors can seek asset forfeiture based on civil or criminal theories; the filing itself does not equate to criminal charges against Card. However, public filings and FBI searches can prompt immediate commercial consequences: construction draws may be paused, bond markets may reassess risk on related projects, and municipalities could face delays in facility openings.
IndyStar reporters attempted contact; messages left at Card’s home went unreturned and voicemail at his business was full. Federal authorities have not released additional details about the nature of the alleged scheme or whether other individuals or entities are under scrutiny.
The unfolding federal action will be watched closely by contractors, public officials and local stakeholders who worked with Card & Associates, as well as lenders and insurers exposed to large sports and recreation developments.
