Texas Republican Attorney General Ken Paxton avoided going to trial for felony securities fraud charges on Tuesday when he reached a deal with the prosecution, the Texas Tribune reported.
Paxton was initially charged nine years ago for allegedly defrauding investors of a technology company without disclosing that he was being paid by the firm to solicit them, according to The Texas Tribune. The attorney general will avoid the charges if he puts up 100 hours of community service, takes 15 hours of advanced legal education courses, and pays roughly $271,000 in restitution to individuals he’s accused of defrauding.
“The state has made an offer, which we have accepted, to dismiss the case upon Mr. Paxton doing a few things. He is more than happy to comply with that agreement,” Dan Cogdell, Paxton’s attorney, said in a press conference on Tuesday. “At the end of the day, it is not a plea bargain, he didn’t plead. There is no admission of guilt, there will never be an admission of guilt because he’s not guilty. But we’re glad to have this behind us.”
Paxton had already pleaded not guilty ahead of the agreement, which was made just weeks before the April 15 trial date, according to the Washington Post.
“Eighteen months from now, or perhaps shorter, the case will be dismissed. There will never be a conviction, and Ken Paxton, at least today, can begin to go back and do what he should have been doing all along — and that is representing the state of Texas,” Cogdell added.
Paxton’s legal win follows the September acquittal of impeachment articles the Republican-held state House brought against him in 2023. The impeachment efforts stemmed from alleged corruption, obstruction, bribery, and other accusations related to the FBI’s investigation into Paxton donor and real estate developer, Nate Paul.
Special Prosecutor Brian Wice did not immediately respond to the Daily Caller News Foundation’s request for comment.
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