David Raymond Smith, False Statements to Bank and Bank Fraud, Montana 2021

Missoula, Montana – A shocking case of bank fraud has come to light in Missoula, with 59-year-old David Raymond Smith facing serious charges. The U.S. Attorney’s Office announced this week that Smith, a resident of Hamilton, was arraigned before U.S. Magistrate Judge Kathleen L. DeSoto on March 1, 2021.

Smith is accused of making false statements to a bank and committing bank fraud. If convicted of the most serious crime, he faces a maximum 30 years in prison, a $1 million fine, and five years of supervised release. According to the U.S. Attorney’s Office, the FBI investigated the case.

Smith was released pending further proceedings. The exact details of the case are still emerging, but one thing is clear: bank fraud will not be tolerated in Montana. The U.S. Attorney’s Office is committed to bringing those who engage in this type of activity to justice.

The case raises important questions about the importance of honesty in financial dealings. Bank fraud can have serious consequences for individuals and communities, and it’s essential that those who engage in this type of activity are held accountable.

The exact charges against Smith are:

1. False statements to a bank (18 U.S.C. § 1014)

2. Bank fraud (18 U.S.C. § 1344)

Smith’s next court appearance has not been scheduled. The case is ongoing, and further updates will be provided as more information becomes available.

The U.S. Attorney’s Office reminds the public that the charges against Smith are merely accusations, and he is presumed innocent until proven guilty.

The case number is 21-01. The public can monitor the progress of the case through the U.S. District Court Calendar and the PACER system.

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