The chief financial officer of Kenwood Towne Place and its developer, Bear Creek Capital, is being accused of bank fraud.
Tina Schmidt was indicted Thursday in federal court in Cincinnati. The indictment alleges Schmidt and others knowingly took millions in loans from Bank of America to build the now defunct retail and office complex next to Kenwood Towne Center but instead used the money for other projects.
Her attorney could not be reached for comment.
The property was sold to a new developer last month.
A release from the Obama Campaign says the President will speak at Seasongood Pavilion in Eden Park, Monday morning you can get in starting at 10:00. The event is free, but you will need a ticket. They'll be available starting at 9:00 AM tomorrow at these locations:
UC will pay its former president more than $1.2 million during the next two years. The university's board of trustees unanimously approved the package for Greg Williams yesterday. It includes a bonus, retirement benefits, consulting fees, a year's worth of salary for his faculty position, and buying out his contract. Williams will also be allowed to live at the presidential penthouse through next January. He resigned for personal reasons less than a week before fall classes started. He'd been with UC since 2009.