From ‘prodigy’ to prison – Nate Paul sentencing Wednesday in bank fraud case

AUSTIN (KXAN) – Austin real estate investor Nate Paul will be sentenced in federal court Wednesday. The sentence concludes 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.In an agreement with prosecutors, Paul pleaded guilty in January to one count of making a false statement to a financial institution. At that January hearing, Paul's defense team said the plea agreement would carry no more than a s