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Former LPCiminelli exec pleads guilty in federal court

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A former LPCiminelli executive was in federal court in Manhattan on Friday to plead guilty in connection to the "Buffalo Billion" investigation, according to his attorney.

Kevin Schuler was scheduled for a change of plea hearing. He has previously pleaded not guilty in the case.

He pleaded guilty to wire fraud and conspiracy to commit wire fraud. A bribery charge was dismissed.

Schuler is one of three men accused of participating in a bid-rigging scheme.

He could face 40 years in prison when he is sentenced.

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