Federal Fraud Probe of Cadillac F1 Parent Company Raises Questions in Fishers

Questions mount for Andretti Global owner as federal probes target TWG-linked insurers

A federal fraud probe into TWG Global assets has sparked questions about the future of its motorsports teams, including IndyCar's Andretti Global.

Federal fraud probe of Cadillac F1 parent company raises questions in Fishers

The company bankrolling the Formula One team building a headquarters campus here is at the center of a federal fraud investigation, IndyStar motorsports reporter Zion Brown reported Thursday. TWG Global — the parent of TWG Motorsports, which brought the Cadillac F1 team and one of its three worldwide headquarters to Fishers — is being investigated by the U.S. Department of Justice and the Securities and Exchange Commission over assets held by in…