Bank of America

Ann Thompson / WVXU

Developer Phillips Edison and leasing agents Jones Lang LaSalle and Jeffrey R. Anderson Real Estate are beginning to market the newly named "Kenwood Collection," known to most as Kenwood Towne Place.  

Ann Thompson / WVXU

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.