The FBI has arrested the Texas real estate developer embroiled in Attorney General Ken Paxton’s historic impeachment, shortly after details of the pair’s unsavory business dealings emerged.
Federal agents took 36-year-old Nate Paul into custody Thursday afternoon and booked him into jail in Austin, Texas, Travis County Sheriff’s Office records show.
He was charged with eight counts of making false statements to financial institutions, a felony offense, but after appearing before a judge Friday was allowed to go home.
Paul, formally named Natin Paul, is accused of lying about how much money he had in his bank accounts — inflating the amount by millions of dollars — to score bank loans.
“On three occasions, Paul gave a financial institution a false and counterfeit document, representing that one of Paul’s bank accounts held millions of dollars when in fact the balance of the account was less than $13,000,” the indictment states.
From March 2017 to April 2018 alone, he allegedly did so to get $172 million in total loans.
Details of Paul’s nefarious dealings with the embattled Republican AG came to light in late May, when Paul was accused of giving Laura Olson — Paxton’s “on and off” mistress — a job in exchange for help.
“Nate Paul giving his mistress a job means that he no longer has to drive back and forth from San Antonio to see her, and it makes her more convenient [if she is] here in Austin,” Texas Rep. Ann Johnson of Houston said of the scheme, one of the multiple accusations made as part of the impeachment scandal.
Nate Paul was arrested Thursday, June 8. Austin Police Department
Nate Paul (right) and his parents attend the 2011 Texas Inaugural Celebration at the Palmer Events Center in Austin on Jan. 18, 2011. AP
Texas state Attorney General Ken Paxton is the third sitting Texas official to be impeached in the state’s history. APMeanwhile, Paul was for years the subject of a different, undisclosed federal investigation in which Paxton had also been involved.
The AG’s involvement in the federal probe is said to have set off the series of events leading to his historic impeachment.
Federal agents searched his Austin manse and real estate offices in 2019 and 2020 after eight of Paxton’s deputies reported their boss — the top law official in the state — to the FBI on suspicions of bribery and abuse of office.
Federal agents searched Paul’s Austin mansion and real estate offices in 2019 and 2020. Nate Paul/Twitter
There are 20 articles of impeachment against Texas Attorney General Ken Paxton. REUTERSTheir allegations against Paxton included hiring an independent attorney to review the troubled real estate developer’s claims of agents’ wrongdoings.
The FBI probe into Paxton’s actions in connection with Paul remains ongoing.
Paul has denied bribing Paxton and the AG has since released evidence his attorney says shows he was not bribed.
Paxton was the third sitting Texas official to be impeached in the state’s history.
The 20 articles of impeachment also detail allegations of Paxton’s use of his office’s power to help Paul in connection with unproven claims of a $200 million conspiracy against him.
Paxton has been suspended from the office until his trial, which is expected to begin no later than the end of August.
With Post wires






