The owners of a St. Charles real estate development project have been charged with bank fraud. The federal prosecutor says Thomas Colvin of Lake Ozark and Kristaq Gjordeni got $5.1 million dollars in loans to develop a 45-acre plot into 33 residences. The indictment says they diverted about $850,000 of the loans into their own pockets and the development had not been completed by the time the money from the loans had been disbursed.