Texas Attorney General Ken Paxton is scheduled to stand trial on April 15, 2024 for a securities fraud case filed against him. The announcement of a trial date arrived just under two months following his acquittal in an impeachment trial, in which Paxton had faced politically motivated and vague charges of wrongdoings.
The roots of the securities fraud case date back to April 2014, preceding Paxton’s election as Attorney General. Paxton was reprimanded and fined $1,000 by the Texas Securities Board for soliciting investment clients without the necessary registration as stipulated by law. Paxton acknowledged his mistake in this case. Within the same year, he was elected as state Attorney General. Not long after taking office, namely less than seven months, Paxton was indicted by a Collin County grand jury on two counts of first-degree securities fraud and one third-degree charge of failing to register with the state securities board.
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In addition to the securities fraud charges, Paxton is also dealing with a whistleblower lawsuit. Paxton, however, has denied any wrongdoing in relation to this case. The outcome of these respective trials hold considerable importance for the Attorney General’s future political career.
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