Developer sentenced for bank fraud in apartment construction
A Champaign, Illinois, developer received a 12-month prison sentence for bank fraud in the construction of a southern Illinois apartment complex.
The U.S. Attorney for the Southern District of Illinois says 56-year-old Christopher Creek pleaded guilty in May to fraud charges. He was sentenced Wednesday in federal court in Benton. In addition to the prison sentence, Creek was ordered to pay about $377,000 in restitution.
Prosecutors say Creek submitted documents to banks claiming the framing work for The Pointe at SIU in Carbondale had been provided by a company called "Southern Framing." He also told a bank the foundation work was provided by a company called "Solid as a Rock." Both businesses were fictitious entities.
Creek deposited the checks in his own bank accounts and used the funds to pay subcontractors and materials suppliers for previous jobs.