Cheerleader, you are again spewing garbage.
I called the mayors’ office myself to find out what the truth is. They said that the loan monies were all accounted for and that there is no FBI investigation.
Plasmatronics still ignites FBI queriesBuilding owner says agents asked about C.P. office build-out
By Kathleen Quilligan -
kathleen.quilligan@nwi.com, (219) 662-5331 | Posted: Thursday, April 1, 2010 12:05 am
CROWN POINT | A second person involved in the dispute between Plasmatronics, Inc. and the Crown Point Development Corp. said he has
spoken to the FBI.
Ronald Morris, the owner of the building that Plasmatronics, Inc. rented to use as its headquarters in 2007, said the FBI questioned him in early March about the building.
"I'm not under suspicion personally. I own the building," he said.
Morris declined to discuss specifics, but said questions from the FBI related to the build-out of 1175 Arrowhead Court which was supposed to be the headquarters of the company which planned to manufacture its Plasma Drive Ignition system in Crown Point.
In December, former Crown Point Development Corp. member
Allan Katz said he had talked to the FBI.Joseph Stalmack, the attorney representing New York-based Plasmatronics, Inc., said Wednesday neither he nor his clients had been contacted or questioned by the FBI.
"I don't know why they would be," he said.
In December, a spokeswoman for the FBI said the agency does not confirm interviews or investigations. Wednesday, a spokesman could not be reached for comment.
The Development Corp. resolved a dispute over a $380,000 loan to Plasmatronics with a settlement that has now been signed by all parties, Stalmack said.
In December 2008, the corporation hired attorneys with Indianapolis-based law firm Ice Miller to recover the $380,000 in economic development money the agency loaned Plasmatronics to locate in the city. Officials decided to attempt to recover the loan after the company terminated its relationship with the city.
Morris' company, Moress LLC, was added to the lawsuit created by Ice Miller. According to the lawsuit, in April 2008, Plasmatronics notified Moress it was leaving the building on Arrowhead Court and was transferring the improvements made to the building instead of further rent, and Moress accepted the transfer.
Plasmatronics' liability for breaching the lease was limited to $36,000, or six months rent, and Plasmatronics transferred to Moress improvements to the building costing $235,000, according to the lawsuit.