Wichita ? Wichita businessman Richard “Dick” Boushka stood before a federal judge Monday and solemnly replied “guilty” four times as the judge read the charges against him in a $19 million bank fraud case.

Boushka, 68, a developer of shopping centers and a racetrack, was indicted by a federal grand jury in May on 60 counts of bank fraud, wire fraud and other offenses.

Under an agreement with the U.S. Attorney’s office, Boushka pleaded guilty to two counts of bank fraud and one count each of making a false statement to obtain a bank loan and omission of information for the sale of a security. As part of the deal, the government agreed to ask the remaining charges against Boushka be dismissed at the time of sentencing.

U.S. District Judge Wesley Brown set sentencing for March 3.

Prosecutors agreed to recommend sentences at the lower end of the federal guidelines, which call for maximums of 30 years and a $1 million fine on each of the fraud and false statement charges, and five years and a $10,000 fine on the omission of information charge.

Boushka is cooperating with prosecutors investigating the international con scheme.

Prosecutors contend Boushka falsified loan documents to bilk American Bank out of $19 million.

Joseph said the actual loss to the bank was closer to $3.6 million, not the $19 million prosecutors contend. He said his client has settled a $2.5 million civil lawsuit with the bank and plans to repay the money.

The indictments in the case also allege that co-defendants Alejandro Badilla of Miami and Alberto Lopez of New York defrauded American Bank in 1999 by presenting a fraudulent draft drawn on the Bank of China for $30 million in an attempt to obtain money.

Badilla recently pleaded guilty to misprision of felony, which essentially means that he knew about a crime but didn’t report it to authorities.

Brown will sentence Badilla in February. Lopez’s trial was continued to March 4.