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Nate Paul, Austin businessman with ties to Ken Paxton’s impeachment, charged

 Real estate developer Nate Paul, a central figure in allegations of illegal conduct by suspended Attorney General Ken Paxton, was charged with eight counts of making false statements to financial institutions at a federal court in Austin on Friday.
Miguel Gutierrez Jr.
/
KUT
Real estate developer Nate Paul, a central figure in allegations of illegal conduct by suspended Attorney General Ken Paxton, was charged with eight counts of making false statements to financial institutions at a federal court in Austin on Friday.

Nate Paul, the businessman at the center of Ken Paxton’s impeachment, was charged Friday with eight counts of making false statements to mortgage lending institutions and other financial institutions.

The charges were read by U.S. Magistrate Judge Dustin Howell a day after Paul was arrested in Travis County.

Paul appeared in the courtroom around 10:55 a.m. wearing a light blue shirt and blue jeans, and in handcuffs.

He’s accused of making false statements to financial institutions in New York and Connecticut. According to the indictment, he lied about his liabilities and cash.

This is the conclusion of a federal investigation that has been ongoing for years.

Paul will be allowed to travel in Texas unrestricted, but will have to provide notice if traveling out of state.

His attorneys said he has surrendered his passport. He is prohibited from traveling abroad.

Paul is a key figure in Ken Paxton’s impeachment.

Most of the 20 articles of impeachment against the suspended Republican attorney general are relates to his relationship with Paul, a political donor.

According to Texas House investigators, Paxton used his office to intervene in a federal investigation against Paul and even asked his staff to change a COVID-19 legal opinion to benefit Paul.

This is a developing story.

Copyright 2023 KUT 90.5. To see more, visit KUT 90.5.

Sergio Martínez-Beltrán is Nashville Public Radio’s political reporter. Prior to moving to Nashville, Sergio covered education for the Standard-Examiner newspaper in Ogden, Utah. He is a Puerto Rico native and his work has also appeared on NPR station WKAR, San Antonio Express-News, Inter News Service, GFR Media and WMIZ 1270 AM.