Attorney General Ken Paxton was booked this morning and released from the Collin County jail following a trio of felony indictments handed down by a Collin County grand jury last week.
The three indictments — including two first-degree felony counts and a third-degree felony count — stem from a months-long investigation by the Texas Rangers and two special prosecutors who looked into Paxton’s securities practices before he took office.
In 2014, while running for attorney general, he admitted to violating state securities law after failing to register with the State Securities Board before soliciting clients for investors. He paid a $1,000 fine.
First degree felonies carry a prison sentence between 5 to 99 years in prison. A third degree felony carries a $10,000 fine and between two to 10 years in jail.
Tarrant County judge George Gallagher has been appointed to lead the trial.