More Nate Paul indictments

For your perusal.

A crook any way you look

Nate Paul, the Austin real estate investor whose relationship with Attorney General Ken Paxton was central to his September impeachment trial, was charged with new crimes by federal prosecutors on Wednesday.

The U.S. attorney for the Western District of Texas filed an amended indictment charging Paul, 36, with four counts of wire fraud related to allegations that he lied to business partners who invested in real estate with his company, World Class Holdings, and its affiliates.

They are in addition to the eight felony counts prosecutors filed in June, which allege that Paul provided false information to financial institutions in order to obtain loans to purchase properties.

Paul’s attorney, David Gerger, did not immediately respond to a request for comment.

Paul’s trial is scheduled for July of 2024.

Neither of the indictments mention Paxton, who was acquitted by the Texas Senate of 16 articles of impeachment in September.


In the new filing, prosecutors said Paul repeatedly misled partners about how he was using partnership funds, a deception furthered by overstating the balances of partnership accounts.

“During his career in commercial real estate, Paul has repeatedly engaged in deception to persuade individuals and organizations to entrust money to him, and he has used the money to enrich himself and expand the commercial real estate businesses that he controls,” the indictment states.

The indictment lists six businesses as victims; three in Texas and one each in Florida, Colorado and North Carolina. The government is seeking to seize $172 million and any properties connected to Paul’s alleged criminal conduct.

See here for some background. There may or may not be anything more to it than this, but you can’t stop me from hoping that the feds are ready to pounce on Paxton any day now.

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