Nate Paul, the real estate developer who was at the center of Texas Attorney General Ken Paxton’s impeachment trial, has been charged with four new counts relat
According to a release from the Department of Justice, federal prosecutors presented a superseding indictment charging Paul.
“Paul allegedly conspired to obtain money from limited partners by falsely representing that he would isolate the partnership’s assets to be used exclusively for the benefit of the partnership,” the release read. The superseding indictment alleges that Paul’s scheme allowed unrestricted use of limited partnership funds.
Paul is charged with one count of conspiracy to commit wire fraud and three counts of wire fraud. That is in addition to thePaxton associate Nate Paul faces eight federal charges, possibly $172 million in damages The new charges carry penalties of up to 20 years in prison with fines of $250,000 per count. Each of the previous eight counts carry a maximum penalty of up to 30 years in prison with a fine of $1 million.
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