Securities Fraud Charges Dropped Against Texas AG Ken Paxton in $300,000 Restitution Deal

Texas Attorney General Ken Paxton has agreed to a $300,000 restitution deal under which securities fraud charges will be dropped, with no admission of guilt.

Texas Attorney General Ken Paxton speaks at the Conservative Political Action Conference in Dallas, Texas, on Aug. 5, 2022. Bobby Sanchez/The Epoch Times

Texas Attorney General Ken Paxton scored a major legal and political victory on March 26, as prosecutors dropped a long-running securities fraud case against him in a $300,000 restitution deal with no admission of guilt.

“Look, we’re glad to have this matter behind [us]. This case has been pending longer than the Beatles were together—literally,” Mr. Paxton’s defense attorney, Dan Cogdell, told reporters outside a Houston courtroom on March 26.