Austin Real Estate Investor Nate Paul to Serve 10-Day Jail Sentence for Contempt of Court

Austin real estate investor Nate Paul has been ordered to serve a 10-day jail sentence for contempt of court. Travis County district judge Jan Soifer issued the order on Friday, requiring Paul to report to the Travis County jail by the morning of November 15, according to

KXAN

. The contempt charges stem from a lawsuit with the Mitte Foundation, a charity that previously sued him in connection to an investment deal with his company, World Class Holdings.

The legal ordeal traces back to March 3, 2023, when Judge Soifer initially found Paul guilty of six acts of criminal contempt. Among them, Paul was accused of perjury and transgressing an injunction requiring him to report transfers over $25,000. Following a series of legal battles extending up to the federal courts, all of Paul’s appeals have been met with denial, including an emergency application for a stay that was rejected by Federal District Judge David Ezra just one day before Soifer filed her latest order, as reported by

CBS Austin

.

This legal development adds yet another layer to Paul’s legal woes, which include a looming federal trial on charges of wire fraud and other serious offenses. The federal case, which has been postponed until 2025, includes a dozen counts of bank and wire fraud, with each count of wire fraud carrying a maximum sentence of 20 years and bank fraud counts potentially resulting in up to 30 years each, according to the U.S. Department of Justice.

Paul’s involvement in legal proceedings has gained additional attention due to his ties with Texas Attorney General Ken Paxton. Allegations arose that Paxton, who was impeached and later acquitted last year, had forsaken his official duties by attempting to aid Paul in the lawsuit brought forth by the Mitte Foundation. It remains unclear if Paul will seek to continue challenging this impending jail term, as per the information obtained by

KXAN

.

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