Texas Attorney General Ken Paxton was indicted on securities fraud charges in 2015. Paxton, who faces five to 99 years in prison if convicted, has pleaded not guilty
Once, nearly a year passed with no movement in the case at all.
Wheat is dubious that a trial will ever happen. “And by the time it does, if it ever does, will it have any significance left to it?” he said. The indictments accuse Paxton of defrauding investors in a Dallas-area tech startup by not disclosing he was being paid by the company, called Servergy, to recruit them. The indictments were handed up just months after Paxton was sworn in as Texas’ top law enforcement officer.
“The trial’s extended delay was in no way attributable to improper influence of Mr. Paxton,” said Philip Hilder, one of Paxton’s attorneys, pointing the finger instead at prosecutors for challenging their pay and other pretrial rulings. Both federal probes continue, with investigators in recent months collecting Paul’s business records and asking how the developer might have been paying Paxton, according to people familiar with the matter who spoke on condition of anonymity because the investigation is ongoing.
State Rep. Gene Wu, a Democrat and attorney who spent three years as a prosecutor in Houston, described the delays as unheard of, saying even high-level cases in Texas’ largest county go to trial in two or three years.
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