"Texas AG Ken Paxton Strikes Deal to Drop Felony Securities Fraud Charges"

1 min read
Source: The Texas Tribune
"Texas AG Ken Paxton Strikes Deal to Drop Felony Securities Fraud Charges"
Photo: The Texas Tribune
TL;DR Summary

Texas Attorney General Ken Paxton has agreed to perform 100 hours of community service and meet other conditions to have the securities fraud charges against him dropped, ending a nearly nine-year-old case. The deal also requires him to take legal education courses and pay about $271,000 in restitution to alleged victims. Paxton, who maintains his innocence, faced the prospect of decades in prison if convicted. This resolution clears a major hurdle for his political future, as he is widely seen as a likely candidate for higher statewide office.

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