You have reached your limit of free articles this month.

Enjoy unlimited access to myStatesman.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks

X

Welcome to myStatesman.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myStatesman.com.

Ken Paxton’s criminal trial set for May 1


Texas Attorney General Ken Paxton’s criminal trial on securities fraud charges will begin May 1.

The order by state District Judge George Gallagher also set aside four days for jury selection to begin April 20 in Collin County.

Paxton’s trial will come just as the Texas Legislature begins its frantic final month and shortly before politicians turn their attention to the 2018 primary elections. Paxton recently announced that he will enter primary season with almost $4.6 million in his campaign account after raising about $2.7 million in 2016 — a signal to potential Republican challengers that he will be a formidable foe if he were to emerge from trial with a not guilty verdict.

Paxton has been charged with two counts of securities fraud, first-degree felonies that carry a maximum punishment of 99 years in prison, accusing him of approaching investors in 2011 to tout Servergy Inc. without revealing to potential investors that the McKinney tech company was paying him to push its stock.

He also was charged with failing to register with state securities regulators, a third-degree felony.

“We’re delighted that the matter is set for trial,” defense lawyer Dan Cogdell said. “We’re anxious to begin trial and we’re confident that the right result will happen and Ken will be acquitted.”

Cogdell said defense lawyers and prosecutors estimate the trial will take two to three weeks.

Paxton’s trial will begin almost 21 months after indictments from a Collin County grand jury were unveiled and he was arrested, fingerprinted and released on bond.

Defense lawyers concentrated efforts on getting the charges dismissed before trial, but Gallagher and two appeals courts rejected those efforts.

Paxton also has been accused of fraud in the same business deals by the U.S. Securities and Exchange Commission. A federal judge tossed out the SEC complaint in October, saying the agency’s allegations weren’t recognized under federal securities law, but the SEC amended and refiled its complaint.

U.S. District Judge Amos Mazzant III has not yet ruled on Paxton’s request to dismiss the amended civil complaint, which sought fines and an order for Paxton to repay “ill-gotten gains” from the Servergy deals.



Reader Comments ...


Next Up in Local

NEW: Car badly damaged after crashing into Austin fire truck that failed to yield the right of way 
NEW: Car badly damaged after crashing into Austin fire truck that failed to yield the right of way 

Travis County sheriff’s investigators say a car was badly damaged after crashing into an Austin fire truck that failed to yield the right of way to the driver Sunday. An investigating deputy determined that Adam Dunn was heading east on Elroy Road, in southeastern Travis County, when a fire truck failed to yield the right of way at Texas...
STATESMAN EXCLUSIVE: Where ‘savings’ come from in Abbott’s hiring freeze
STATESMAN EXCLUSIVE: Where ‘savings’ come from in Abbott’s hiring freeze

Gov. Greg Abbott said this week that the state government hiring freeze he announced in January has already saved the state $145 million, well on the way to reaching the $200 million he said the policy would save by the time it expires at the end of August. About $99 million of the savings, however, don’t come from a streamlined state workforce...
Kelly Jones fears children are `morphing into’ ex-husband Alex Jones
Kelly Jones fears children are `morphing into’ ex-husband Alex Jones

Kelly Jones took the stand at her child custody trial Tuesday and described ex-husband and Austin broadcaster Alex Jones as a “violent, cruel and abusive man” who is “enraged and out of control most of the time.” While Alex Jones and his attorneys have contended that he leaves the “bombasity” of his Infowars persona...
Lawmakers consider bill that would reduce the number of STAAR tests

A Central Texas lawmaker has filed a bill that would scale back the number of state standardized tests, including social studies and writing. More than two dozen lawmakers, both Democrats and Republicans, have signed on as co-authors of House Bill 1333, filed by Rep. Jason Isaac, R-Dripping Springs. The bill was heard in the House Public Education...
STATESMAN EXCLUSIVE: Where ‘savings’ come from in Abbott’s hiring freeze
STATESMAN EXCLUSIVE: Where ‘savings’ come from in Abbott’s hiring freeze

Gov. Greg Abbott said this week that the state government hiring freeze he announced in January has already saved the state $145 million, well on the way to reaching the $200 million he said the policy would save by the time it expires at the end of August. About $99 million of the savings, however, don’t come from a streamlined state workforce...
More Stories