An agreement was reached Tuesday with Texas Attorney General Ken Paxton that dismisses securities fraud charges he has been facing for almost a decade, The Texas Tribune reported.
Prosecutors announced that under the 18-month pre-trial deal, three felony counts against Paxton would be dropped in exchange for him paying almost $300,000 in restitution to victims and completing 100 hours of community service, as well as 15 hours of legal ethics education.
The agreement comes just three weeks before Paxton was scheduled to face trial for allegedly soliciting investors in a McKinney, Texas, technology company without disclosing the firm was paying him to promote its stock.
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