Updated
Updated · The New York Times · Oct 9
NYT Reveals Ken Paxton's 2014 Testimony on Wealth as Fortune Reaches $23 Million
Updated
Updated · The New York Times · Oct 9

NYT Reveals Ken Paxton's 2014 Testimony on Wealth as Fortune Reaches $23 Million

1 articles · Updated · The New York Times · Oct 9

Summary

  • A 2014 sworn deposition obtained by The New York Times shows Ken Paxton questioned for hours in Fort Worth about his growing wealth and investing history during a federal fraud investigation.
  • The testimony came just after Paxton won election as Texas attorney general, offering an early, private look at finances that later drew repeated bribery, fraud and self-dealing scrutiny.
  • Paxton's wealth has since grown to a reported $23 million, with assets including 15 properties in six states, multiple mutual funds and a cellphone tower.
  • The newly revealed testimony surfaces as Paxton fights a Texas Senate race, where opponents including Democrat James Talarico have made his wealth and its origins a central attack line.

Insights

How does a public official legally amass a multi-million dollar real estate empire while earning a standard government salary?