The plea, which is likely to result in prison time, would cancel a Sept. 26 trial.
Friday’s hearing ends Dragul’s criminal cases. A civil trial is scheduled for next month.
In May, Colorado’s Secretary of State touted the creation of 155,000 new LLCs in 11 months. Her office now says 10 percent were fraudulently created.
The 61-year-old must also pay $1 million in restitution, serve eight months of house arrest and complete 200 hours of community service.
The trial in Centennial could be followed by a second criminal trail, as well as a long-delayed civil one.
Sean McClay, 51, stole from his team’s booster club before soliciting money for fix-and-flip projects. Investors say they lost millions.
Bachar has been spending time in the ski town and falsely told people around town that he was a volunteer firefighter in order to acquire the smallest of small-town perks.
Joseph Libkey Jr. is accused of securities fraud in connection with three projects, including a proposed conversion of a downtown Colorado Springs hotel.
Michael Yi, a former Aurora prosecutor, admitted to forging the signature of his brother, a notary.
The foundation’s lawsuit against its insurer illuminates what happened prior to the January arrest of alleged conman Travis Singhaus.