Resolution of Ken Paxton's Securities Fraud Charges
Texas Attorney General Ken Paxton is close to resolving 9-year-old securities fraud charges through a special agreement with prosecutors that may include community service, legal education classes, restitution, and no formal plea; he could have faced up to 99 years in prison if convicted.
Key Points
- Agreement may include community service, advanced legal education classes, and restitution
- Paxton could have faced up to 99 years in prison if convicted
- Prosecutors have wide authority to resolve cases in Texas
Pros
- Potential resolution of a longstanding legal issue
- Avoids a public airing of facts and evidence
- Does not affect Paxton's law license
Cons
- Paxton faced serious felony charges related to securities fraud
- Ongoing federal probe based on whistleblower complaints