Corruption

Texas Attorney General Indicted For Fraud

SK Ashby
Written by SK Ashby

Texas Attorney General Ken Paxton has joined the list of prominent Texas lawmakers who've had their mugshots taken.

Paxton turned himself in today after being indicted on three felony counts.

via Local ABC affiliate WFAA

Paxton faces three criminal charges – two first-degree felonies for securities fraud and a third-degree felony for failing to register with the state to sell securities.

Paxton is accused of having defrauded two individuals of more than $100,000. He doesn't have to resign while he fights the charges. [...]

The securities fraud indictments are related to Servergy, a McKinney-based company that has been under investigation by the Securities and Exchange Commission. The failure to register charge is connected to Paxton's friend and campaign donor Fritz Mowery, a McKinney investment advisor, to whom Paxton referred clients without telling them that he'd been getting hefty commissions.

I doubt he will face the maximum penalty if convicted, but in that event Paxton would reportedly face nearly 100 years in prison.

Now here's the mugshot we've been waiting for:

TX-AG-PaxtonMugshot

Not to be forgotten, former Texas governor and Republican presidential candidate Rick Perry is still facing charges of his own.