A Sioux Falls attorney will not serve prison time for falsifying personal financial statements.
Chris Carlsen gave the information to a Pipestone, Minnesota bank so he could get a 1.2 million-dollar loan. While the crime took place five years ago, federal agencies investigated the case closely, which is why the legal proceeding took so long to complete.
Carlsen's Attorney, Scott Heidepriem says, "I think the government just takes its time when investigating something like this. You need to remember, it was both the FBI and the IRS conducting the investigation."
Carlsen has paid back the loan and agreed to give up his license to practice law. Carlson, however, can reapply for that license in the future.