St Paul Man Charged With False Statements and Bankruptcy Fraud

Daniel Butt, age 38, of St. Paul, Nebraska, is charged in a four-count Indictment.  Count I charges Butt with false statement on loan and credit application on or about December 28, 2015, and continuing to on or about February 16, 2016.  The maximum possible penalty if convicted is 30 years’ imprisonment, a $1,000,000 fine, a five-year term of supervised release, and a $100 special assessment.  Count II charges Butt with false statement on loan and credit application on or about November 27, 2017, and continuing to on or about January 3, 2018.  The maximum possible penalty if convicted is 30 years’ imprisonment, a $1,000,000 fine, a five-year term of supervised release, and a $100 special assessment.  Count III charges Butt with larceny-conversion of property on or about October 1, 2018, and continuing to on or about October 25, 2018.  The maximum possible penalty if convicted is 5 years’ imprisonment, a $10,000 fine, a three-year term of supervised release, and a $100 special assessment.  Count IV charges Butt with bankruptcy fraud on or about August 9, 2021.  The maximum possible penalty if convicted is 5 years’ imprisonment, a $250,000 fine, a three-year term of supervised release, and a $100 special assessment.