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Arnholt Smith Gets Probation in Bank Case
Arnholt Smith, once California’s leading private financier, pleaded no contest to criminal conspiracy and misapplying funds related to United California Bank. He received a two year suspended sentence and five years probation. Co-defendant Philip Taft also pled no contest to conspiracy and false statements, with a $25,000 fine and one year suspended sentence.
MENTIONED IN THIS ARTICLE
San Diego
C. Arnholt Smith
California
U5. National Bank
Smith
Schnacke
Philip A. Taft
Taft
Westgate