Austin real estate investor Nate Paul has been charged with 8 felony counts of making false statements to financial institutions. They stem from an investigation into Paul's business dealings with one charge having ties to AG Ken Paxton's impeachment.
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Paxton was not mentioned in the indictment, nor was he discussed during a half-hour proceeding Friday in Austin’s federal courthouse, where Paul appeared shackled and wearing a blue button-down shirt, jeans and white Air Jordans. He answered Howell’s questions softly, simply stating, “Yes, Your Honor.”
“The charges against Paul evidently have nothing to do with Attorney General Ken Paxton. Nothing whatsoever,” Paxton’s lawyer, Tony Buzbee, said in a statement. “That should speak volumes as to how weak this impeachment effort is.” According to a lawsuit by former officials in Paxton’s agency, Cammack had obtained the subpoenas “under false pretenses to investigate, harass, and intimidate Nate Paul’s perceived adversaries.”
In another instance, prosecutors alleged, Paul told a lender he owned 100% of a company that was to receive a loan, but another firm that was not affiliated with Paul owned 91% of the company.
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