Two investigators file complaint against Bank of Illinois - KMOV.com

Two investigators file complaint against Bank of Illinois

BLOOMINGTON, Ill. (AP) -- Two investors have filed a complaint alleging their signatures on documents used to secure a $3 million loan were forged.

Attorneys for David Stark and Richard Owen say their clients don't know who allegedly forged the guarantees. In the complaint filed Friday against the Bank of Illinois, Stark and Owen say they can't be held responsible for the loan now that the bank wants its money.

Bank of Illinois is moving to collect on more than $9 million in loans tied to Larry Hundman, a central Illinois developer who's now in default. The loans were made starting in 2006 and the bulk of the missed payments were within the past two months.

Hundman's attorney contends the bank has problems with its regulators that are forcing it to call in loans that had been current for years.

The bank's president has declined to comment.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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