The former Austin real estate developer faces up to six years in prison. He will be sentenced in the coming weeks.

Head of World Class Holdings could face six months in federal prison and a $1 million fine for lying to lenders.

Nate Paul was the chief of World Class Holdings, a company with myriad sub-businesses and, at one point, over $1 billion in assets across 17 states, according to a Forbes report.

Real estate developer Nate Paul, who was at the center of claims in Paxton's whistleblower lawsuit and ensuing impeachment, pleaded guilty to a federal financial crime and could face six months in prison.

Nate Paul's defense team is arguing two motions in federal court to dismiss the dozen counts against him and to split the counts into two separate cases, which could have a major impact on the bank and wire fraud case.