The securities fraud case against Texas Attorney General Ken Paxton will not be going to trial in April after a deal was struck between attorneys on the case.Just shy of a month before his trial, Texas Attorney General Ken Paxton entered into a deal with prosecutors that allows him to avoid his day in court over the nearly nine-year-long securities fraud case against him.
“At the end of the day, while I think the case could be made that justice was certainly delayed, I think the agreement we reached today underscores the fact that justice was not denied to the victims in this case, to Mr. Paxton, and ultimately to the people of the state of Texas,” Wice said. “As a result of that intensive interviewing and re-interviewing process, we had a sense of what these cases were and, more importantly, what these cases weren’t,” he said.
According to Cogdell, Paxton was the only person in history to be prosecuted criminally after he paid a $1,000 administrative fee for failing to register with the state securities regulators. The attorney general has pleaded not guilty to two first-degree felony securities fraud charges and one third-degree felony charge. Paxton was indicted for allegedly soliciting investors in Servergy Inc. without disclosing that he was being paid to promote its stock and failing to register with state securities regulators.
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