Nate Paul, the Austin real estate developer central to allegations of illegal conduct by Texas Attorney General Ken Paxton, has been ordered to jail again after losing an appeal in a fraud case with a nonprofit.
On Friday, the 3rd Court of Appeals in Austin denied Paul’s appeal to overturn a lower district’s order that he serve 10 days in jail. The order found him in contempt of court for lying in district court about money transfers he made that ran against an injunction the court had placed on him.
Within hours, state District Judge Jan Soifer in Austin issued an amended order that accused Paul of six violations of law, instead of eight, and ordered him to report to the Travis County Jail by 10 a.m. on April 10 to serve 10 days behind bars. The court-ordered sanctions against Paul came in a lawsuit between the real estate developer and the Roy F. & Joann Cole Mitte Foundation, an Austin-based nonprofit that sued Paul for fraud after he refused to make financial disclosures about endowment money the nonprofit had invested in his businesses.
Ray Chester, an attorney for the Mitte Foundation, said in a statement his clients were “gratified” by the court's ruling, which was made after the nonprofit tried to collect on $2 million the nonprofit had won against Paul in court.Brent Perry, an attorney for Paul, could not immediately be reached for comment.
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