AUSTIN — Real estate investor Nate Paul, whose ties to Attorney General Ken Paxton led to impeachment charges in 2023, pleaded guilty in federal court to one count of making a false statement to a financial institution.

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.

The real-estate developer is known for his involvement with Texas AG Ken Paxton following a 2020 whistleblower lawsuit.

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.

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,

The Texas real estate developer whose relationship with state Attorney General Ken Paxton was at the center of the Republican’s historic impeachment trial in 2023 has pleaded guilty to a federal charge of lying to a financial institution.

The government recommended Nate Paul receive a maximum of six months in prison and five more years of supervised release as well as a fine of up to $1M.