Monday, April 11, 2016

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 resignation."
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.