Statement by Craig McDonald -
"It is now Attorney General Paxton's full-time job to defend himself from
an avalanche of serious civil and criminal charges. Texas needs an attorney
general who can aggressively pursue wrongdoing--not just defend himself
from it. Paxton's greatest service to this state would be his
From the Houston Chronicle:
The U.S. Securities and Exchange Commission on Monday filed
civil charges in federal court against Texas Attorney General Ken
Paxton, alleging that he recruited investors for a company without
disclosing that he was being compensated to promote the company's stock.
The charges, which were filed in a Sherman-based court, allege that Paxton raised
$840,000 in investor funds for Servergy, Inc., and received 100,000
shares of stock in return.
Charges were also filed against Servergy and former company officials
William E. Mapp III and Caleb White. As of Monday, Servergy and White
had settled their cases, according to the SEC.