Ken Paxton was nearly removed from office for corruption last year, but survived his impeachment trial.
on Tuesday agreed to pay nearly $300,000 in restitution under a deal to end criminal securities fraud charges that have shadowed the Republican for nearly a decade.before Paxton was set to stand trial on felony charges that could have led to a prison sentence.
Houston attorney Brian Wice, who was one of the special prosecutors, described the deal as a victory that requires Paxton to repay investors, including Byron Cook, a former GOP lawmaker who served with Paxton in the Texas Legislature, and the estate of Joel Hochberg, a South Florida businessman who died last year.
The Cook and Hochberg families said in a statement they are “grateful that they will receive restitution in full.” 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. He was charged with two counts of securities fraud and one count of not being registered as an investment adviser.
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