Paxton’s Plea Deal Came After Holes Emerged in Prosecution

In the lead-up to a trial that never happened, prosecutors overseeing felony securities charges against Texas Attorney General Ken Paxton (R) discovered one hole and then another that prompted them to abandon the case that could have put Paxton in prison for decades.

A little more than two months before the nine-year-old case was set to go to trial, prosecutors re-examined their case on what they thought was an easy conviction alleging Paxton failed to register as an investment adviser. They noticed for the first time that their most important witness had said he’d take the fall for Paxton if ...