A Texas Court of Criminal Appeals judge, Judge Amos Mazzant III, dismissed the civil securities fraud case against Texas Attorney General Ken Paxton on Friday, October 7. The decision means Paxton must brace for the outcome of the similar case he is facing in criminal court, wherein the burden of proof for the prosecution is heavier.
A Collin County grand jury indicted Paxton last summer with two counts of securities fraud and one count of failing to register with the Texas State Securities Board. The charges come after Paxton allegedly neglected to tell investors of Servergy Inc. that he gets a commission when they invest in the firm. He also neglected to register with the state regulatory board when he was acting as an investor while at the same time serving as a state legislator from that county.
Ian Inglis Attorney at Law provides legal services for clients in Austin and other areas in Texas. He handles criminal defense cases including fraud and other white collar crimes. Call our offices today at (512) 472-1950 to learn more about your legal options.