Developer sentenced after pleading guilty to bank fraud in conne - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Developer sentenced after pleading guilty to bank fraud in connection to Carbondale apartment complex

(Source: KFVS) (Source: KFVS)

An Illinois man will spend a year in federal prison after pleading guilty to a charge of bank fraud.

Christopher E. Creek, 56, of Champaign, Ill., was sentenced in Benton, Illinois on Wednesday, Aug. 9.

The judge also ordered Creek to pay $376,890 in restitution.

The charge arose from Creek’s participation as a developer for the construction of an apartment complex in Carbondale, known as the Pointe at SIU.

In pleading guilty, Creek admitted that he submitted fraudulent requests for draws of construction loan funds to the banks that financed the project.

Specifically, Creek admitted that he submitted documents to the banks that falsely stated that the framing for the project had been provided by a company called “Southern Framing,” and that the foundation work had been done by a company called “Solid as a Rock.”

Both Southern Framing and Solid as a Rock were fictitious entities that Creek created.

Creek deposited the checks that were payable to Southern Framing and Solid as a Rock into bank accounts that he controlled. He then used those funds for his own purposes, including paying subcontractors and materials suppliers from prior jobs to whom he still owed money.

The investigation was conducted by agents from the Springfield Division, Marion, Illinois, Resident Agency, of the Federal Bureau of Investigation (“FBI”). The case is being prosecuted by Assistant United States Attorney Scott A. Verseman.

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