Nate Paul, the big-money Austin developer who was a leading figure in the impeachment of Texas Attorney General Ken Paxton, was in jail by the FBI as of Thursday, according to prison records reviewed by the FBI. Dallas Morning News.
The founder and CEO of World Class Holdings, which controlled a multibillion-dollar real estate empire during its heyday, was sent to Travis County on “undetermined” felony charges, the newspaper reported. prison.
Dan Cogdell, one of Paxton’s impeachment attorneys, speculated to the publication that the FBI would have Paul betray his client.
“You don’t have to be Nostradamus to assume they’re going to try to get Nate Paul to testify against Ken [Paxton]. I don’t know that’s true.But I’d be very surprised if that wasn’t the case,” Cogdell said. “Because otherwise, you know, logically [the FBI] They will be arrested at the same time. “
Paul has been a target of the FBI since at least 2019. Agents raided his home and office that summer, and the aftermath of the raid left his business “significantly damaged,” he later told a Texas court.
At the same time, he has been fighting the foreclosure wars on multiple fronts. He was forced to give up prime locations such as the 3M campus and the six-acre building at South Congress. In court documents, he claims he still has lenders willing to extend his debt for the deal.