"Federal Charges Filed Against Austin Investor Linked to Texas AG Paxton"

Real estate investor Nate Paul, a donor and ally to impeached Attorney General Ken Paxton, has been charged with eight counts related to making false statements and false reports to mortgage lending companies and credit unions. Each count carries a maximum penalty of up to 30 years in prison and a fine of up to $1,000,000 if convicted. The alleged violations happened between March 2017 and April 2018. The government is seeking forfeiture of Paul’s properties related to the criminal allegations, $172 million and substitute assets if the properties can’t be recovered. Paul denies all allegations and will be pleading not guilty.