Texas businessman Nate Paul, previously embroiled in the impeachment of state Attorney General Ken Paxton, finds himself under new federal charges. The accusations suggest Paul defrauding his business partners, a development following charges where Paul allegedly made false statements to mortgage lenders for loans totalling $172 million as reported by NBC DFW.
In June, Paul pled not guilty to eight counts associated with making false statements while securing loans from domestic and international mortgage lenders according to AP News. The recent indictment dated November 8th, adds four counts of wire fraud and conspiracy to commit wire fraud to Paul's charges. While maintaining his innocence, Paul's legal team has yet to comment on their client's additional allegations.
The Attorney General of Texas, Ken Paxton, was impeached by the GOP-controlled state House of Representatives in May. This follows involvement in the investigation of Paul. Despite charges of misconduct, bribery, and corruption, Paxton, like Paul, pled not guilty. His trial drew national attention and sparked discussion around its potential impact on Texas' political standing. The Texas' GOP-majority Senate acquitted Paxton in September, allowing the FBI-indicted incumbent to continue his term NBC DFW reported.
Worth noting, Paxton's involvement in the FBI's long-standing investigation of Paul indirectly led to his own impeachment AP News disclosed. The probe added to the already convoluted narrative, as neither Paxton nor Paul was summoned to testify at the impeachment trial.
Paxton faces not only federal investigations but also a state criminal trial regarding securities fraud charges dating back to 2015. Paxton, staying consistent with his earlier plea, has also declared not guilty to this case.
