Austin investor Nate Paul and AG Ken Paxton are the targets of an FBI investigation into...
FILE: Dr. Love Paul, left, Pearl Paul, and their son, Nate Paul, right, attend the 2011 Texas Inaugural Celebration at the Palmer Events Center in Austin, Texas, on Jan. 18, 2011. for contempt of court, after losing an appeal.
Paxton and the investor, Nate Paul are the targets of an FBI investigation launched in late 2020 after Paxton's aides accused their boss of abusing the power of his office and taking bribes from Paul.
In addition to the jail time, Soifer had also ordered Paul, who is enmeshed in legal battles with creditors over his crumbling business and bankruptcies, to pay over $180,000 in fines. Soifer found that Paul has failed to comply with orders from the court and has repeatedly lied to her in court about it while under oath.The original case that the contempt order stemmed from involved an Austin nonprofit that is suing Paul for fraud, accusing his companies of breaching their contract by refusing to make certain financial disclosures.
"We are very gratified by the court’s ruling, and the amount of analysis applied by the court," said Ray Chester, the attorney representing the Roy F. & Joann Cole Mitte Foundation."It was a bad week for Mr. Paul and his antics."
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