From Denver Business Journal:
A Denver grand jury has handed down an indictment for felony theft against condo developer Erik Osborn. The indictment was released on Monday.
The developer is expected to surrender himself to be booked this week, according to Lynn Kimbrough, Denver District Attorney's Office spokeswoman.
Joe Morales, chief deputy district attorney in the office's economic crime unit, had no comment Monday about the indictment.
Osborn has been a developer for several years, and is best known as the builder of the 32-story, $140 million One Lincoln Park high-end condo tower under construction in downtown Denver.
In the wake of the indictment, Osborn has stepped down from day-to-day management of One Lincoln Park's development, but will remain an investor in the project, according to a statement by Ed Cerkovnik, president of Breckenridge Holding Co. and newly appointed director of One Lincoln Park. Breckenridge Holding owns the Breckenridge Brewery of metro Denver.
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