.jpg)
3 hours ago
1
Author of the article:
The Associated Press
Jim Vertuno
Published Jan 15, 2025 • 1 minute read
AUSTIN, Texas (AP) — A real estate developer whose relationship with Texas Attorney General Ken Paxton was at the center of the Republican’s historic impeachment trial in 2023 pleaded guilty Wednesday to a federal charge of lying to a financial institution.
Article content
Article content
The plea by Nate Paul, whose company is based in Texas, was entered before a U.S. magistrate judge and still must be reviewed by a district judge, court documents show. Records did not indicate when Paul might be sentenced.
Advertisement 2
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Paul claimed that federal investigators acted improperly when they raided his Austin home in 2019. He later sought help from Paxton, and the relationship and dealings between the two men played a prominent role in lawmakers impeaching Paxton, who was later acquitted in the Senate.
Paxton has long denied wrongdoing and was not mentioned in federal indictments against Paul, which accused the developer of making false statements to banks in order to obtain more than $170 million in loans.
The Associated Press emailed a request for comment to federal prosecutors on Wednesday. Staff for Paul’s attorney, Gerry Morris, said he would have no comment.
Paul would figure heavily in 20 articles of impeachment filed against Paxton, who was accused of abusing his power and bribery in order to help the developer, who gave the Republican a $25,000 campaign donation in 2018.
The impeachment came about after eight of the attorney general’s top deputies reported him to the FBI in 2020. All were subsequently fired or quit and half the group later sued under the state’s whistleblower law.
Paul initially faced a dozen charges, including wire fraud and conspiracy to commit wire fraud, but online documents noted only the plea to the single charge of lying to a financial lender.
Article content
English (US)