Texas Attorney General Ken Paxton Indicted on Three Charges Including Securities Fraud
SOURCE: DALLAS MORNING NEW
Texas Attorney General Ken Paxton has been indicted on three charges in Collin County, according to KXAS-TV NBC 5, The Dallas Morning News’ media partner.
The grand jury’s indictments were issued on Tuesday, then immediately sealed. Paxton was indicted on two counts of first-degree securities fraud and one-count of third-degree failure to register. Sources tell KXAS’s Scott Gordon they will be unsealed Monday.
According to WFAA-TV, a Tarrant County judge has been appointed to the case.
Paxton paid a $1,000 fine and thought he was done with it, but a criminal grand jury took the case. His admission could result in felony charges, a forfeiture of his office and time in prison, but Paxton does not have to resign.
“As we’ve said for 14 months now, there was no criminal action because there was no crime,” Paxton’s spokesman Anthony Holm said on July 24. “This was solely a civil event with a $1,000 civil penalty.
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