Peoria Real Estate Developer Shara Andrews Pleads
By: Administrator
Updated: February 13, 2013
SPRINGFIELD- A Peoria real estate developer, charged with bank fraud and money laundering in
2011, pleaded guilty Wednesday in Springfield federal court. Shara Andrews, formerly known as
Shara Manning, was accused of defrauding several Peoria banks of about 800 thousand dollars,
according to a federal news release. Prosecutors claim Andrews obtained two consolidated loans worth about one and a half million dollars to develop Wyndhill Estates Subdivision. They also claim
she converted money to her personal use as part of the alleged scheme rather than repaying the
bank as required and ensuring clear title to the buyers of the lots. Andrews will be sentenced June 24th.
