Texas Attorney General Ken Paxton entered a deal Tuesday to resolve the 9-year-old securities fraud charges that have loomed over his three terms.
Paxton has been ordered to perform 100 hours of community service, take legal ethics education classes and pay a restitution of approximately $300,000.AUSTIN, Texas — Texas Attorney General Ken Paxton's securities fraud case will not go to trial in April after prosecutors and the AG's attorneys reached a pre-trial diversion agreement Tuesday morning.
The terms of the agreement state Paxton will have to perform 100 hours of community service in Collin County, Texas, and will have to pay a restitution of approximately $300,000. He will also have to take 15 hours of legal ethics education courses. Brian Wice, the special prosecutor in this case, said Paxton must pay the restitution from his personal funds.Prior to the pre-trial diversion agreement, Paxton faced up to 99 years behind bars. with the Texas State Securities Board, a failure he called a"paperwork error.” In Texas, failing to register is a crime – one that Paxton himself voted into law.
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