Texas Attorney General Indicted On Felony Charges, 'New York Times' Reports
By
Camila Domonoske |
NPR
Saturday, August 1, 2015
A grand jury has indicted Texas Attorney General Ken Paxton on three counts of securities fraud, according to multiple media reports.
Paxton is accused of misleading investors in a technology company — by encouraging investments without revealing he was making a commission on them — and, on a lesser charge, of failing to register as a solicitor while he was referring clients to an investment firm, the New York Times reports.
All the activity allegedly occurred while Paxton was serving in the state House of Representatives, before he stepped into his role as the attorney general.
Sources told both the Times and a local NBC affiliate that the indictments were returned on Tuesday and immediately sealed. They are set to be unsealed as early as Monday, the same day Paxton is expected to turn himself in to authorities.
Matt Largey, with member station KUT, reports for our Newscast division that it's not the first time Paxton's behavior has been under the microscope:
"Paxton has been under a series of investigations since last year, when he admitted to soliciting investments for a friend's company, without registering with the State Securities Board. He was fined a thousand dollars," Largey says.
"The felonies he's reportedly charged with would carry the possibility of a stricter punishment — up to life in prison."
Copyright 2024 NPR. To see more, visit https://www.npr.org.
View this story on npr.org
Follow us for more stories like this
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.
Donate Today