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

MORE: Real estate developer Nate Paul agreed to plead guilty Wednesday to one charge of making false statements to a lending institution. The agreement ends his 18-month federal bank and wire fraud case related to his work as head of World Class,

Austin real estate developer Nate Paul agreed to plead guilty Wednesday to one count of submitting false information to a financial institution.A source close t

Nate Paul's lawyers are arguing two motions in federal court that could have a major impact on his bank and wire fraud case.

Read more Both sides are apparently considering a plea agreement in the federal criminal case of real estate developer Nate Paul, who faces a dozen counts of bank and wire fraud, according to discussions in the courtroom Wednesday morning.