Texas Attorney General Ken Paxton is set to go on trial for felony securities fraud on April 15th. The trial comes after years of legal battles and delays, with Paxton being accused of misleading investors in a technology company before taking office in 2015. Despite attempts to have the charges dismissed, a judge has ruled that there is enough evidence to move forward with the trial.
Paxton is facing two first-degree felony charges of securities fraud and one third-degree felony charge of failing to register with state securities regulators. If convicted, he could face up to 99 years in prison and thousands of dollars in fines. The charges stem from allegations that Paxton encouraged investors to put money into a tech startup called Servergy without disclosing that he was receiving commissions for the investments.
Paxton has denied any wrongdoing and has accused the prosecutors of engaging in a politically motivated witch hunt against him. He has remained in office throughout the legal proceedings and has said he plans to continue serving as Attorney General during the trial.
This trial comes at a time when Paxton is also facing scrutiny for his role in challenging election results in multiple states during the 2020 presidential election. Despite facing criticism and calls for his resignation, Paxton has remained defiant and continues to maintain his innocence in the securities fraud case.
The trial is expected to draw significant attention and could have major implications for Paxton’s political future. In the meantime, Paxton will continue to carry out his duties as Attorney General while preparing for his day in court.
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