Attorney General Ken Paxton’s securities fraud trial set for April 15

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The charges stem from accusations that in 2011 Paxton tried to solicit investors in a McKinney technology company without disclosing that it was paying him to promote its stock. The attorney general has pleaded not guilty.

State District Judge Andrea Beall scheduled the trial during a hearing Monday morning in Houston. Paxton attended the hearing but did not speak at it.

"Unlike the impeachment, this is going to be a fair trial," special prosecutor Kent Schaffer told reporters after the hearing."This judge is not corrupt. This judge is not on the take." The trial has been delayed for years over a number of pretrial disputes, including the prosecutors' pay and the venue. The case began in Paxton’s native Collin County but was moved to more neutral territory in Harris County at the prosecution’s urging.

While the prosecutors emphasized they expect a fairer trial than the one the Senate conducted, Hilder declined to draw any comparisons. The impeachment trial"was unrelated to what we're defending against," Hilder said. In the securities fraud case, the prosecutors' pay may be the last major pending issue before the trial. In 2018, the Texas Court of Criminal Appeals struck down the fee agreement, arguing that it fell outside legal limits for what such attorneys may be paid. The court ordered a previous Harris County judge overseeing the case to come up with a new payment schedule, but that never happened and the prosecutors have continued to go unpaid.

 

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