Texas AG Paxton may have settled fraud case, but he is hardly off the hook | Opinion - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Insurance & Financial Fraud
Newswires RSS Get our newsletter
Order Prints
March 27, 2024 Newswires
Share
Share
Post
Email

Texas AG Paxton may have settled fraud case, but he is hardly off the hook | Opinion

Fort Worth Star-Telegram (TX)

There are two important things to know about the long-delayed resolution of Attorney General Ken Paxton’s securities fraud case.

First, it’s the right outcome, especially after so many years. The activity at the center of it, while inappropriate, was never worth the attention it drew.

Second, Paxton is far from off the hook. The Republican AG and his political allies will try to persuade you that Paxton is cleared of wrongdoing and any remaining legal peril is the work of political enemies. Not so.

The fraud case is the original sin of Paxton’s political and legal misdeeds. The event that launched it predates his time in statewide office, and Paxton is in his third term as AG. Paxton has since taken on so many blemishes that it’s hard to remember what the case was about: his failure to disclose to some friends whom he recruited into an investment that he was paid by a company to do so.

That’s not nothing. But Paxton had already paid a civil fine in another case. Elevating what he did to a crime with possible prison time almost never happens. In an era when reducing unnecessary incarceration is a good public policy goal, the idea of jailing Paxton never made sense, except to his most ardent political enemies (who are often the very people arguing for fewer prison sentences).

Paxton does not admit wrongdoing under the deal consecrated Tuesday in a Houston courtroom. He’ll pay nearly $300,000 in damages and undertake community service and legal ethics training, which he sorely needs.

The case never needed to take this long. It should have made voters question Paxton’s fitness for higher office. But voters have rendered a verdict on that in no fewer than eight statewide elections, and Paxton remains attorney general.

In an ideal world, voters would have noticed the sins of Paxton the candidate and concluded that he would bring similar sloppiness, lax ethics and political influence to high office. Because that’s exactly what he’s done. Over nearly a decade, he has degraded the capabilities of the Office of Attorney General, crushing morale and harming operations of an agency that Texans rely on.

He has targeted appeals court judges, first with wild conspiracy theories that they were aligned to help ensure voter fraud would go unpunished. Then, he included several in his vendetta campaign in this year’s Republican primaries, leading voters to oust three incumbents largely for the sin of crossing Paxton.

He has inserted Texas taxpayers into all manner of politically charged cases. And we’re not talking about suing the Biden administration over illegal immigration or other public policy issues. We’re referring, for example, to his use of your resources to interfere on behalf of conservative media companies fighting what should be their own battle against federal speech-policing. A worthy cause, perhaps, but not one Texans need to finance.

Then, there are the big ones. First, Paxton brazenly tried to interfere with other states’ election results on behalf of former President Donald Trump, a gambit rejected by the Supreme Court. It’s not for Texas to say how other states should conduct their elections, just as we don’t want, say, California sticking its nose into ours. The fact that Paxton acted over Trump’s mendacious claims about fraud deepens the offense. For this, Paxton still faces state bar proceedings.

And finally, there are accusations of bribery and abuse of office to help a friend and donor, developer Nate Paul. These were the heart of the impeachment case against Paxton, and yes, the Texas Senate rejected removing him. That doesn’t mean, however, that Paxton did nothing wrong. An active federal investigation could yet land him in court, and such a prosecution would not be so easily swept aside.

Considering all that, it’s understandable that many will lament that Paxton got off easily in the securities fraud case. It just wasn’t what it was cracked up to be.

But those who want to convince you that the AG has slain every dragon aren’t quite right, either. When it comes to Ken Paxton, there’s always something else hanging in the air.

Do you have an opinion on this topic? Tell us!

We love to hear from Texans with opinions on the news — and to publish those views in the Opinion section.

• Letters should be no more than 150 words.

• Writers should submit letters only once every 30 days.

• Include your name, address (including city of residence), phone number and email address, so we can contact you if we have questions.

• Email [email protected] (preferred).

• Fill out this online form.

©2024 Fort Worth Star-Telegram. Visit star-telegram.com. Distributed by Tribune Content Agency, LLC.

Older

Retirees: Is it time to downsize, even in this real estate market?

Newer

City sets up trust fund to pay for future retiree benefits [The Eagle-Tribune, North Andover, Mass.]

Advisor News

  • How advisors can prepare clients for an uncertain retirement landscape
  • Investors aren’t waiting out uncertainty
  • Transamerica and Advo(k)ate Advisors launch pooled employer plan
  • ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
  • Why women must be more engaged in investing
More Advisor News

Annuity News

  • Jackson Financial CEO caps 40-year career with blockbuster Q2
  • Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
  • NAIC regulators begin consensus phase on annuity illustration overhaul
  • AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
  • Market-value adjusted annuities: Key considerations for advisors
More Annuity News

Health/Employee Benefits News

  • Lahn clarifies position on privatized Medicaid
  • 76% of Gen Z and 63% of millennials turn to AI for first line of primary healthcare
  • Oregonians face health insurance premium hikes
  • Federal Medicaid cuts threaten Va.
  • Editorial: Passing it on
More Health/Employee Benefits News

Life Insurance News

  • Supporting small businesses starts with smarter benefits conversations
  • Judge again tosses Penn Mutual whole life lawsuit alleging tax scam
  • Declined by a machine? The end of the unexplainable no
  • AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
  • Court sides with Ameritas in denying $4M STOLI payout to Wells Fargo
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
  • Ibexis Announces Expanded Bank Relationships and New Index Options for FIA Plus® and WealthDefender® Series
  • Agent Review Launches Video AI Identity Verification to Help Protect Insurance Professionals, Consumers and Public Trust
  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet