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

FILE - Nate Paul, right, with his parents Dr. Love Paul, left, and Pearl Paul, attend the 2011 Texas Inaugural Celebration at the Palmer Events Center in Austin on Jan. 18, 2011. (Laura Skelding ...

TRAVIS COUNTY, Texas — Real estate developer Nate Paul reached a plea deal on Wednesday in his federal fraud case. Paul pleaded guilty on one count of making false statements to a financial ...

The plea by Nate Paul, whose company is based in Texas, was entered before a U.S. magistrate judge and still must be reviewed by a district judge, court documents show. Records did not indicate ...