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Nate Paul charged with eight felony counts of making false financial claims
The eight-count federal indictment is about Nate Paul's past business dealings. According to court documents, he allegedly made false financial claims in 2017 and 2018 to get bank loans.
AUSTIN, Texas (AP) — A Texas real estate developer at the center of Attorney General Ken Paxton’s impeachment has pleaded not guilty to charges of making false statements to banks that loaned him more than $170 million.
Nate Paul waived his scheduled arraignment before a U.S. district judge in Austin, according to court documents posted Friday.
Paul figures heavily in 20 articles of impeachment filed against Texas’ top law enforcement officer. Paxton is accused of abusing his power and bribery in order to help Paul, who gave the Republican a $25,000 campaign donation in 2018.
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Ken Paxton impeachment: Senate sets trial date, rules
After two days of closed door meetings, the Texas Senate has set a date and list of rules for the impeachment trial of suspended Texas Attorney General Ken Paxton. The trial is set to begin Sept. 5.
RELATED COVERAGE:
- Real estate developer central to Ken Paxton impeachment arrested, charged with eight felony counts
- Nate Paul charged with eight felony counts of making false financial claims
- Ken Paxton impeachment: Senate sets trial date, rules
There is no reference to Paxton in Paul’s indictment, which accuses the developer of making false statements to multiple banks in 2017 and 2018. But one of the banks later received a subpoena, issued in person, by an attorney Paxton hired as an "outside independent prosecutor" to pursue complaints Paul made after the FBI raided the businessman’s offices.
Paxton has denied wrongdoing and his impeachment trial is set to begin Sept. 5.