Former Peoria real estate developer pleads guilty to fraud

By WEEK Reporter

February 14, 2013 Updated Feb 14, 2013 at 9:53 PM CDT

PEORIA, Ill. -- A former Peoria real estate developer faces 30 years in prison, after pleading guilty to to bank fraud.

Forty-year-old Shara Andrews, formerly Shara Manning, pleaded guilty in Federal court to charges she defrauded Peoria area banks.

In addition to bank fraud, Andrews pleaded guilty to money laundering.

Prosecutors say as owner of Shara Manning properties, Andrews did not make required bank payments from 2006 to 2009, and instead put some 800-thousand dollars into her own personal account.

Shara Andrews remain free on bond.

She will be sentenced in June.

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