Austin investor embroiled in FBI investigation of AG Ken Paxton faces 10 days in jail
Dr. Love Paul, left, Pearl Paul and their son Nate Paul, right, attend the 2011 Texas Inaugural Celebration at the Palmer Events Center in Austin, Texas, on Jan. 18, 2011. Nate Paul, an Austin real estate developer at the center of recent allegations against Texas Attorney General Ken Paxton, asked for an investigation into his uncorroborated claims that other businessmen have an elaborate conspiracy to steal $200 million worth of his properties with the help of a federal judge.
Paul’s attorney did not immediately respond to a request for comment, and it was unclear if he would appeal. The conflict at the heart of the case goes back to 2011 when the nonprofit invested a portion of its endowment in Paul’s companies and a share of his properties. The nonprofit later accused the companies of breaching their contract by refusing to make certain financial disclosures.
Paul appealed the district court’s decision in late 2021, but the panel of appellate judges affirmed the district court ruling against him. Court records indicate Paul’s attorneys plan to request a rehearing on that decision by the full court.According to the letter from the district judge’s office, despite the injunction, Paul made at least two unauthorized transfers totaling
Chester said Paul lied at two separate court hearings in November 2022. At the first one, Chester presented Paul with his own bank statements, and Paul claimed he could not recognize them.
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