__ I - n n r a ~ NATIONAL OFFICE OFSCIENCE INSPECTOR FOUNDATION GENERAL z . 4 OFFICE OF INVESTIGATIONS I $o ! ? ! 30 n<\O CLOSEOUT MEMORANDUM Case Number: I06100033 I Page 1 of 1 ' NSF OIG was contacted by a Program Officer who had received an email from an individual2who reported that the board of directors of a company3had voted to return 213 of an investor's initial investment to that investor. The individual was concerned that the company might not complete the work under an NSF award4and that the return of the funds might be seen as part of a fraud to put up the funds in order to quali@for the award and, after the award was made, return the funds to the investor. We reviewed the matters provided by the individual and spoke with the Program Officer and the Program ~ i r e c t o r .They ~ have determined, after discussions with the Office of General Counsel, that decisions made and actions taken by the company have been business-driven and that there is no indication of hudulent conduct on the part of the company. Accordingly, this case is closed. ~ : 4 5 I NSF OIG Form 2 (11/02)
Admin. Financial Violations (PI/PS)
Published by the National Science Foundation, Office of Inspector General on 2006-12-18.
Below is a raw (and likely hideous) rendition of the original report. (PDF)