MINNEAPOLIS (AP) — A Wayzata couple has been taken to jail to serve a yearlong sentence for theft that prosecutors say led to a bank’s failure.

A Hennepin County judge this week sentenced Philip and Virginia Carlson to 21 months in prison. The couple will not have to serve prison time if they remain law-abiding.

READ MORE: Construction Begins on Lake Bde Maka Ska Pavilion 3 Years After Fire

Judge Lois Conroy also ordered the Carlsons to serve a year in the workhouse. She denied the couple the option of electronic home monitoring.

READ MORE: 65 Minneapolis City Employees Speak Out On ‘Toxic And Racist’ Culture In City Coordinator’s Office

In August, a jury found the Carlsons guilty of taking hundreds of thousands of dollars from an office development project in Orono.

Prosecutors say the swindle played a role in the collapse of First Commercial Bank of Bloomington, which loaned about $3 million before the project came to a halt in 2008.

MORE NEWS: What A North Minneapolis Elementary School Is Doing To Help Traumatized Students

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)