Federal prosecutors agreed to drop the securities fraud charges facing Attorney General Ken Paxton if he performs 100 hours of community service and fulfills other conditions of a pretrial agreement, bringing an abrupt end to the nearly nine-year-old felony case that has loomed over the embattled Republican since his early days in office, reported the Texas Tribune.
The deal, which landed three weeks before Paxton is
set to face trial, also requires him to take 15 hours of legal ethics courses
and pay restitution to those he is accused of defrauding more than a decade ago
when he allegedly solicited investors in a McKinney technology company without
disclosing that the firm was paying him to promote its stock. The amount of
restitution totals about $271,000, prosecutor Brian Wice said.
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