SEC Charges Ken Paxton With Securities Fraud

[Gothmog]

Source: Texas Tribune

Texas Attorney General Ken Paxton has been charged in federal court with allegedly misleading investors in a technology company.

The U.S. Securities and Exchange Commission filed the charges Monday in a Sherman-based court. They are similar to the allegations Paxton faces in a pending indictment handed up by a Collin County grand jury last year.

Paxton is named in the SEC's complaint along with William Mapp, the founder and former CEO of Servergy Inc. Paxton is accused of raising hundreds of thousands of dollars for Servergy without disclosing he was making a commission.

"People recruiting investors have a legal obligation to disclose any compensation they are receiving to promote a stock, and we allege that Paxton and White concealed the compensation they were receiving for touting Servergy’s product," Shamoil T. Shipchandler, director of the SEC’s Fort Worth regional office, said in a news release on the complaint.

Read more: https://www.texastribune.org/2016/04/11/sec-charges-paxton-securities-fraud/

[blm]

1. Good deal. Appreciate the post.

.

[2naSalit]

2. tsk tsk tsk.

[Human101948]

3. This is just good "bidness" in Texas...

The SEC should respect local custom.

[Jackie Wilson Said]

5. If the GOP takes over, this wont be illegal.

[LiberalArkie]

4. .I thought that the Texas AG was required by law to have been charged for some crime to

hold office

[Javaman]

7. ordinarily, but he showed great potential. LOL nt

[Dustlawyer]

6. Let's see if he weasels out like Tom Delay and Rick Perry.

I would bet in Vegas that he will even with poor odds against my bet! Not because I believe him to be innocent either.

[Gothmog]

8. This case is in federal court and so will be harder to weasel out of

In addition, this is a civil case. The SEC is seeking an injunction and not to put Paxton in jail but the DOJ often follows one of these lawsuits with a criminal complaint. The SEC and the DOJ have a history or working together

[hobbit709]

9. Good. The Federal Courts aren't bought the way TX courts are.

[Thespian2]

10. A criminal Attorney General

in Texas? This old graduate of U of H finds that so hard to believe...NOT!

[Major Nikon]

12. The sad part is it was well publicized BEFORE the election

[Gothmog]

14. You are correct and the Democratic AG candidate had the best name -Sam Houston

Sam is a good guy and should have won

[czarjak]

11. "Not illegal when I do it."

Huh, Ken?

[vkkv]

13. One would THINK that a State AG would know the laws, huh? ..eom

[DhhD]

15. Paxton Receives the Tea Party's Blessings At A Grapevine Church

https://www.texasobserver.org/ken-paxton-prays-for-tea-partys-blessing-at-grapevine-baptist-church/
snip
But the exiled peoples of the Bible were not powerful men who had lost — or in Paxton’s case, won — elections. They were not mainstream religious congregants offended by changes in civil law. The problems that Paxton portends are just not that great a threat to the American godly: Even if they were, the correctives Paxton has yet offered don’t seem all that audacious, anyway.

Paxton would like to be a biblical hero. But it is he and his friends, not his “enemies,” who enjoy most of the high offices of state. Paxton is the law; he holds the title of highest-ranking legal official in Texas. These congregants, too, judge themselves to have inherited the Jews’ transcendent pain of exile. But they leave their lovely church smiling, walking with their lovely families to return unmolested to their big Texan automobiles.

Is Texas really hedonistic, predatory Babylon? Grapevine doesn’t much look it, although it’s true that the Grapevine GrapeFest, a festival centered around heavy wine consumption, was taking place just across the street. Nebuchadnezzar would have loved it, probably.

[Skittles]

16. he is a smarmy piece of crap

UGH