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March 27, 2014 at 6:12 AM

A lifetime philanthropic award for Naveen Jain from Bellevue LifeSpring?

Naveen Jain, co-founder and chief executive officer of Intelius Inc., speaks during an Executives Club of Chicago luncheon in Chicago  in 2010. (Photo by Tim Boyle/Bloomberg)

Naveen Jain, co-founder and chief executive officer of Intelius Inc., speaks during an Executives Club of Chicago luncheon in Chicago in 2010. (Photo by Tim Boyle/Bloomberg)

Bellevue LifeSpring, which will hold its annual luncheon on Thursday at Meydenbauer Center, is a nonprofit that works to feed, clothe and educate children and their families. The people it serves sound a lot like the investors who lost their life savings in InfoSpace, a Bellevue company founded by Naveen Jain.

At the Thursday lunch, LifeSpring will give its Lifetime Philanthropy Award to Naveen and his wife Anu Jain. Anu Jain serves on LifeSpring’s board of directors. The award goes to people “working toward the betterment of the community,” according to Trish Carpenter, president and chairwoman of LifeSpring’s board.

The shareholders of InfoSpace may choke over that description of Naveen Jain. He is the founder and former chief executive officer of that Bellevue company, which has since been renamed Blucora.

Jain became a billionaire after he took InfoSpace public and the stock price skyrocketed. The only problem was that the company’s revenues were an illusion — a product of accounting tricks and dubious deals woven together by Jain’s masterful storytelling. He claimed in 2000 that InfoSpace would become the world’s first trillion-dollar company.

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