Austin real estate investor Nate Paul sentenced in bank fraud case

AUSTIN (KXAN) – Austin real estate investor Nate Paul will not face prison time following the conclusion of a drawn-out legal battle in which the 38-year-old faced a dozen counts of bank and wire fraud that carried, at a maximum, decades in prison.Eleven of the 12 counts against Paul were dismissed Wednesday. He was ordered to pay $1 million. Paul will face four months of home confinement from 7 p.m. to 7 a.m., but he is allowed to go to work during the week and attend other essential appo