Nate Paul in federal court Friday seeking new trial date on bank and wire fraud charges
AUSTIN (KXAN) – Attorneys for Nate Paul will meet in federal court Friday morning to discuss pushing the Austin real estate developer’s bank and wire fraud trial to 2025.
Pushing the trial to next year is needed, Paul’s attorneys say, because of an exceptional amount of discovery information left to process, including more than 4 million documents and a database of more than 700 different bank accounts, among other records, according to a motion for continuance filed in January.
Prosecutors said they oppose setting a trial date in 2025 but would not oppose a continuance until a later date this year, according to a separate motion.
Paul, 36, has close ties to Texas Attorney General Ken Paxton and allegations that led to Paxton’s impeachment. Paul faces 12 felony counts, including eight counts of making false statements to lending institutions, three counts of wire fraud and one count of conspiracy to commit wire fraud, according to court records.
The counts against Paul are tied to his real estate business World Class Holdings and do not involve Paxton. Federal authorities first indicted Paul on bank fraud charges in June 2023, alleging he lied to lenders about his companies’ bank balances and debts in 2017 and 2018. Paul was later indicted on the four counts wire fraud in November 2023 – those allegations extend back to 2011, according to a superseding indictment.
Paul's trial date was previously pushed to July 2024, according to court records.
Paul has pleaded not guilty to all the charges. KXAN will be following the court proceedings and updating this report after the Friday hearing.