Texas Attorney General Indicted
Texas Attorney General Ken Paxton has been indicted on securities fraud.
Paxton, the Republican attorney general of Texas and a former longtime lawmaker, has been indicted by a grand jury on charges of securities fraud and of failing to register with the state securities board, felony charges that make him the first Texas attorney general in more than 30 years to be indicted while in office, officials said Saturday.
The grand jury in the northern Dallas suburb of McKinney handed up a three-count indictment against Mr. Paxton several days ago, officials said. The indictment is to be unsealed on Monday, when Mr. Paxton is expected to turn himself in to the authorities at the Collin County Jail. The charges — two counts of first-degree securities fraud and one count of third-degree failure to register — are tied to Mr. Paxton’s work soliciting clients and investors for two companies while he was a member of the Texas House of Representatives but before he was elected attorney general in November 2014.
In the most serious charges — first-degree securities fraud — Mr. Paxton is accused of misleading investors in a technology company, Servergy Inc., which is based in his hometown, McKinney. He is accused of encouraging the investors in 2011 to put more than $600,000 in Servergy while failing to tell them he was making a commission on their investment and misrepresenting himself as an investor in the company, said Kent A. Schaffer, one of the two special prosecutors handling the case. The group of investors had been Mr. Paxton’s friends and included a colleague in the Texas House, State Representative Byron Cook.
Copyright 2015 Liberaland
36 responses to Texas Attorney General Indicted
Leave a Reply
You must be logged in to post a comment.
NW10 August 1st, 2015 at 16:02
So that’s two Texas politicians under indictment: Rick Perry and Ken Paxton, one of whom is currently running for President of the United States.
Larry Schmitt August 1st, 2015 at 16:07
It’s Illinois south.
rg9rts August 1st, 2015 at 16:10
Chicago
Larry Schmitt August 1st, 2015 at 16:58
I meant the state. How many governors have been convicted and done time?
rg9rts August 1st, 2015 at 17:15
It funny..rotten governors are usually dems
Larry Schmitt August 1st, 2015 at 17:19
Blagojevich was a democrat. Just shows corruption does not respect party lines.
rg9rts August 1st, 2015 at 17:24
Corzine
dave-dr-gonzo August 1st, 2015 at 21:43
Jon “Fake Democrat Bankster” Corzine, a Wall Street bonus culture made man.
Dwendt44 August 1st, 2015 at 18:34
IIRC, his predecessor George Ryan was a Republican who was also indicted and ended up in the gray bar hotel.
Antigone August 1st, 2015 at 19:17
Va Gov Bob McDonell
rg9rts August 1st, 2015 at 16:10
Don’t forget Delay
NW10 August 1st, 2015 at 16:12
Ultimately cleared in the end unfortunately :-(
rg9rts August 1st, 2015 at 16:14
But out of congress
dave-dr-gonzo August 1st, 2015 at 21:42
Still, our weekend would’ve been greatly improved were we able to watch MSNBC’s “Lockup: Tom DeLay.”
rg9rts August 2nd, 2015 at 06:34
I needed that
dave-dr-gonzo August 1st, 2015 at 21:42
Still, our weekend would’ve been greatly improved were we able to watch MSNBC’s “Lockup: Tom DeLay.”
rg9rts August 1st, 2015 at 16:09
I see he didn’t indict himself… DeLay now this clown…and the beat goes on…the beat goes on
Obewon August 1st, 2015 at 16:27
Ted Cruz claims when reversed, ring true: GOP ‘Embodies The Culture Of Corruption’-True!
Carla Akins August 1st, 2015 at 16:32
Make him the first Texas attorney general in more than 30 years to be indicted while in office – and those out of office?
allison1050 August 1st, 2015 at 16:42
Boy! What a pal! :o(
Roctuna August 1st, 2015 at 17:20
McKinney is a distant north suburb of Dallas in ultraconservative Collin Co. If a prosecutor and grand jury in that county saw enough evidence of a crime to indict, it must be pretty bad for Paxton.
whatthe46 August 1st, 2015 at 17:30
i was thinking the same thing.
tracey marie August 1st, 2015 at 17:23
Perry and Paxtin can share a cell. Theteabagger lock on Texas is slowly being destroyed by sunlight.
whatthe46 August 1st, 2015 at 17:30
hey girl!
tracey marie August 1st, 2015 at 17:30
Hi sweetie, how’s life?
whatthe46 August 1st, 2015 at 17:34
it’s going. but, sweet JESUS it’s so damn hot out. it’s gotta be 100.
Roctuna August 1st, 2015 at 17:37
104 on my patio
whatthe46 August 1st, 2015 at 17:40
102 on my patio. just checked. that’s insane and unnecessary!
tracey marie August 1st, 2015 at 17:41
same here, there is a breeze so it is nice in the shade
tracey marie August 1st, 2015 at 17:31
Jim Mattox, lost the race to Ann Richards, a repub who was found guilty but 2 years later aquitted while Morales, a Dem was found guilty, requested a new trial or investigation and was denied.
Foundryman August 1st, 2015 at 18:53
The cup certainly overflows with corrupt republicans. It will be nice to watch them drown.
majii August 1st, 2015 at 19:25
This can’t be true!!!!! This is a politically-motivated demoncrat tactic to smear Paxton and the GOP/TP!!!!! /s/
amersham46 August 1st, 2015 at 21:14
Indictments are easy ,,, conviction might be tough , remember it is Texas
Warman1138 August 1st, 2015 at 23:41
Paxton could be in serious trouble. Bush took all the ” get out of jail free ” cards with him years ago.
GOP - Party of Neanderthals August 2nd, 2015 at 14:08
Thugs have now MBA degrees and work in scams in high tech.
GOP - Party of Neanderthals August 2nd, 2015 at 16:59
I am sure Oops Perry is sharing some referrals to criminal defense lawyers.