HOUSTON — Texas Attorney General Ken Paxton 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.
Paxton was said nothing in the courtroom other than affirming to state District Judge Andrea Beall that his signature was on the agreement. The agreement with prosecutors, which lets Paxton remain in his elected position and doesn’t affect his law license, is another huge legal and political victory for one of the nation’s most prominent state attorney generals. The end of the case comes six months after Paxton was acquitted of corruption charges in an impeachment trial in the Texas Senate.
“This case, no pun intended, was a perfect storm of everything that could have derailed and delayed the prosecution,” Wice said. Paxton still faces legal troubles, however. A federal investigation has been probing some of the same charges presented in his impeachment and former aides who reported Paxton to the FBI are trying to make him testify in a whistleblower civil lawsuit.
James Spindler, a professor of business and law at the University of Texas at Austin, said it was surprising that Paxton even faced a felony prosecution. He described one of the charges — failing to register as an investment adviser — as a technical violation and said most similar cases are settled as civil lawsuits.
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