Ken Paxton securities fraud case: Texas AG reaches deal to avoid charges, agrees to six-figure restitution and community service [Video]

HOUSTON, Texas (KTRK) — The state’s top law enforcement official, Texas Attorney General Ken Paxton, reached a deal in Harris County Tuesday morning to put some of his own legal issues behind him.

Paxton was indicted on felony securities fraud charges in the Dallas-Fort Worth area in July 2015. He was indicted on two first-degree felony charges, accused of failing to disclose to potential investors that he was being paid hundreds of thousands of dollars to promote a tech startup’s stock.

He was also indicted on a third-degree felony charge for failing to register with the Texas State Securities Board while steering his legal clients to an investment advising business reimbursing him for those transactions.

“This case literally lasted longer than the Beatles were together,” Paxton’s attorney, Dan Cogdell, said.

Paxton is now receiving pre-trial intervention (PTI). His case is reset for 18 months, and the three charges levied against him will be dismissed …