I have never seen this happen before, but whenever I try to place this particular picture onto a document (Only in InDesign) it deletes to the background.
If I try to make the picture larger (Orange box) it shows the background, but the second I exit that mode it goes back to no background. Has this ever happened to any one else?
Also I have tried saving it as several different files with no luck either.
Is the background transparent? Perhaps the image has a saved Clipping path applied?
Wow, that was it.
Thanks so much!