Prosecutor Sells Restaurant Stock Over Legal Concern

INDIANAPOLIS -- Marion County Prosecutor Carl Brizzi on Thursday said he sold his stock in an under-construction restaurant and bar, a move that followed questions of whether his stock ownership would violate state law.

Brizzi had invested $80,000 in Harry & Izzy's, which is scheduled to open at the Circle Centre Mall in the spring.

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State law prohibits law enforcement officers from holding a financial interest in an establishment that serves alcohol. Indiana Code 35-41-1-17 says a prosecuting attorney is a law enforcement officer.

State excise police said this week that it appeared to them that Brizzi's 10 percent stake in Harry & Izzy's was in conflict with the law.

Though Brizzi said he has sold his stock, he said he still is waiting to hear from the state attorney general to comment on the issue. Brizzi had asked Attorney General Steve Carter to issue an advisory opinion defining the role of stockholder, 6News' Jack Rinehart reported.