Under the agreement, Paxton will have to pay just under $300,000 in restitution, do community service and take legal ethics course.
Prosecutors announced the deal with Paxton that would drop securities fraud charges that had been pending against him for more than 9 years.Under the 18-month pre-trial agreement, the special prosecutors in the case would drop three felony counts against Paxton. As part of the deal, Paxton must pay full restitution to victims — roughly $300,000 — and must also complete 100 hours of community service and 15 hours of legal ethics education.
Paxton had been accused of defrauding investors in a Dallas-area tech company called Servergy by not disclosing that he was being paid by the company to recruit them. One of the people Paxton was accused of defrauding was former state Rep. Byron Cook.
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