St. Paul Resident, Nicholas J. Smith, Sentenced to 30 Months and Ordered to Pay $2.8 Million Restitution

Nicholas J. Smith, a resident of St. Paul, has been sentenced to 30 months in federal prison. A federal judge found him guilty of making a false statement on a loan or credit application in 2018. Smith is also ordered to pay $2.8 million in restitution.

Under his plea agreement, Smith will be on parole for three years after his prison term. Any money or property collected by the victim, Central National Bank, from an earlier civil case will be used to reduce Smith's restitution amount.

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