Ken Paxton moves one step closer to trial on long-delayed securities fraud charges

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Ken Paxton moves one step closer to trial on long-delayed securities fraud charges
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The impeached attorney general appeared in a Houston courtroom, where lawyers from both sides agreed to return in October to finally set a trial date. Texas TexasGOP KenPaxton CrimeNews

Texas Attorney General Ken Paxton was indicted on securities fraud charges months after he first took office in 2015. moved a small step closer to trial Thursday on long-delayed felony securities fraud charges, though both sides agreed his Senate impeachment trial looms large as a factor.om with a new judge in the case, defense lawyers and prosecutors agreed Thursday to return Oct.

If Paxton loses the impeachment trial — and is permanently removed as attorney general — he is more likely to seek a quicker resolution in the securities case, both sides agreed. The hearing came about a month before Paxton is scheduled to begin an impeachment trial in the Texas Senate., accusing him of a yearslong series of misconduct and lawbreaking, most of it centered on his relationship with an Austin real estate investor and campaign donor, Nate Paul.

In the criminal case, Paxton faces two counts of securities fraud, a first-degree felony with a punishment of up to 99 years in prison, stemming from his 2011 efforts to solicit investors in Servergy Inc. without disclosing that the McKinney tech company was paying him to promote its stock. Paxton also faces one count of failing to register with state securities regulators, a third-degree felony with a maximum of 10 years in prison.

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