Impeachment of Texas AG Ken Paxton linked to businessman's financial crimes.

1 min read
Source: The Dallas Morning News
Impeachment of Texas AG Ken Paxton linked to businessman's financial crimes.
Photo: The Dallas Morning News
TL;DR Summary

Nate Paul, the real estate developer at the center of impeachment allegations against Texas Attorney General Ken Paxton, has been indicted on eight felony counts of making false statements to mortgage lenders and credit unions to secure loans for his businesses. The alleged crimes in the indictment date to 2017 and 2018. The lenders were based in Ireland, New York, Connecticut and Texas, according to the indictment. Each count carries a maximum penalty of up to 30 years in prison and a $1 million fine. The government wants to seize several of Paul's properties and is seeking a monetary judgement of $172 million that represents the value of the alleged fraudulent loans he received, according to the indictment.

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