Lake Ozark Man Sentenced for Bank Fraud

Thomas Colvin and Kristaq Gjordeni, who ran Englewood I Development LLC, were sentenced today for bank fraud charges. The 53-year old Colvin from Lake Ozark, was sentenced to 27 months in prison and ordered to pay restitution of $666,689. Gjordeni, who’s 53, and from St. Louis, was sentenced to time served (one day) and five years supervised release and ordered to pay restitution of $158,485. The U.S. Attorney’s Office says the two got a loan for the Bluffs at Green Chutes in St. Charles County, but instead used the money for other loans and personal expanses.