Texas Attorney General Ken Paxton named in federal investigation of tech firm
Source: Reuters
REUTERS
08 JUL 2015 AT 12:03 ET
The name of Texas Attorney General Ken Paxton, facing a grand jury probe in the state for suspected securities fraud, appears in a federal court document as a major investor in a Dallas-area firm in a U.S. Securities and Exchange Commission investigation.
Court documents in the federal investigation of the technology firm called Servergy do not make any allegations of misconduct by Paxton or draw links to the investigation into securities fraud in Texas.
Paxton appears on a list of investors in Servergy, which had been under investigation for suspected misstatements about orders for its data servers from major firms including shopping site Amazon. The papers were filed in December 2014 in a U.S. court in Texas. A spokesman for Paxton was not immediately available for comment.
In Texas, special prosecutors, relying on evidence gathered by the Texas Rangers, plan to ask a grand jury in the state as early as this month if there is sufficient ground to indict Paxton on first-degree felony charges for securities laws violations.
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Read more: http://www.rawstory.com/2015/07/texas-attorney-general-ken-paxton-named-in-federal-investigation-of-tech-firm/
Liberalagogo
(1,770 posts)do a happy dance!!!!
roguevalley
(40,656 posts)including Sam Houston's wife, Elizabeth. We never did think much of them however. Now you know why.
I hope they put him in the big house, the one that Republicans love more than their mcmansions.