Photo: Getty Images North America
Texas Attorney General Ken Paxton's nearly 10-year-old securities fraud case is finally over.
Paxton agreed to terms on a pre-trial intervention contract, avoiding trial in the case that has been hanging over his head since 2015.
Under terms of the deal, Paxton will be on an 18-month long pre-trial agreement, and required to make full and complete restitution in the case. The total amount of that restitution is just under $300K. He will also be required to complete 100 hours of community service.
Paxton attorney Dan Cogdell said the prosecutors “approached us” and Paxton was “happy to agree to the terms of the dismissal.”
“But let me be clear, at no time was he going to enter any plea bargain agreement or admit to conduct that simply did not occur,” Cogdell said in a statement. “There is no admission of any wrongdoing on Ken’s part in the agreement because there was no wrongdoing on his part.”
Paxton allegedly promoted a tech startup company without disclosing to potential investors that he was being paid to promote the company. These allegations led to charges being filed against him in the DFW area back in 2015, and the case was later moved to Harris County.