After years of legal wrangling, the state has officially moved to dismiss the long-standing felony securities fraud charges against Texas Attorney General Ken Paxton.
The charges—first brought by a Collin County grand jury in 2015—accused Paxton of failing to properly disclose financial ties to a tech firm while soliciting investors. But over the next nine years, the case became mired in delays, venue changes, and disputes over special prosecutor compensation.
In March 2024, Paxton and prosecutors reached a pretrial diversion agreement to cancel the upcoming trial. Under its terms, Paxton completed over 100 hours of community service, 30 hours of ethics training, and paid full restitution—reportedly around $300,000—to the alleged victims.
At the time, Paxton’s attorney, Dan Cogdell, emphasized that the deal included no admission of guilt. “There is no admission of any wrongdoing on Ken’s part in the agreement because there was no wrongdoing on his part,” Cogdell said.
On Wednesday, State District Judge Andrea Beall formally accepted the dismissal of the three felony indictments, closing the case for good.
