|Ken Paxon, Texas Attorney General,|
INDICTED on MULTIPLE FELONY
The Charges are to be revealed in a press conference scheduled for Monday.
"Special prosecutors in the Paxton case told News 8 they planned to present a third-degree charge of failing to register with the state securities board as the law requires. They also said they planned to present a first degree felony charge against Paxton accusing him of securities fraud. All indications are that charge is related to Servergy, a McKinney-based company that’s been under investigation by the Securities and Exchange Commission. Paxton does not have to resign or step down from statewide office as he prepares to face a criminal trial. He can continue to work just as Gov. Perry did after his two felony indictments in August 2014. Paxton's case, legal experts predict, will go to trial since his law license and statewide office are now on the line. He was sworn in as Texas’ top law enforcer on Jan. 1.
The indictments relate to alleged conduct that occurred while he was serving in the state legislature. Special prosecutor Kent Schaffer first revealed to News 8 last month that the Texas Rangers had uncovered new evidence."