ALGONQUIN – A former homebuilder who left the multimillion-dollar Riverside Plaza development in Algonquin to ruin in 2008 is charged with defrauding a bank of more than $1 million, federal prosecutors said Tuesday.

Bruce Hawkins, 62, was arrested Monday in Denver, where he now lives, on eight counts of bank fraud. Prosecutors allege a scam of false contractor statements and invoices that defrauded Amcore Bank, the U.S. state’s attorney for Illinois’ Northern District said.

Hawkins, formerly of Algonquin, was released on $25,000 bond and is to appear Tuesday in federal court in Chicago. If convicted, Hawkins could face up to 30 years in prison on each count. Prosecutors also are seeking more than $1 million in restitution from him.