( Cincinnati ) Former Bear Creek Capital President Matt Daniels has been indicted in Federal Court on a total of 25 charges related to the failed Kenwood Towne Place development.
The charges include bank, mail and wire fraud and destroying records to impede and investigation. Daniels is accused of diverting funds intended for the Kenwood Towne Place project and using them for other real estate projects and for his own use.
The project was recently sold at auction and then bought by a Blue Ash real estate company that plans to invest $100 million to finish it. Kenwood Towne Place has sat idle for about four years.