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The Texas Tribune
The Texas Tribune
National
Pooja Salhotra

Legal experts say it’s rare to pursue jail time in securities fraud cases like Paxton’s

Ken Paxton SEC Dan Cogdell Bernie Madoff Kim Kardashian Texas Tribune Tribune
Texas Attorney General Ken Paxton talks with his team in the 185th Criminal District court at the Harris County Criminal Justice Center before his pretrial hearing March 26, 2024, in Houston.
Texas Attorney General Ken Paxton agreed to community service and other pretrial conditions in exchange for felony securities fraud charges being dropped. (Credit: Danielle Villasana for The Texas Tribune)

The securities fraud charges that have dogged Attorney General Ken Paxton for nearly a decade were more akin to the financial sins of Kim Kardashian than Bernie Madoff, legal experts said Tuesday as a deal was announced to drop the charges against Paxton.

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