Attorney General Paxton Re-Indicted in Fraud Case
After re-filing indictments against Attorney General Ken Paxton in his securities fraud case, two special prosecutors are pushing back against criticism from Paxton's attorney, who says the recent action shows that they "botched" the proceedings.
"It is not unusual in any felony case, particularly fraud cases, for prosecutors to ask the grand jury to re-indict so as to provide sufficient notice to the accused as to the nature of the criminal conduct with which he is charged," Kent Schaffer and Brian Wice, the special prosecutors said in a prepared statement Tuesday evening.
On Tuesday afternoon, the prosecutors re-filed two of the three charges Paxton faces — two counts of first-degree felony securities fraud. The third charge — accusing Paxton of acting as an investment adviser or representative without registering – remained untouched.
Paxton is accused of offering to sell two people more than $100,000 worth of stock in Servergy, a McKinney technology company, but not disclosing that the company was compensating him.
Read more: http://www.texastribune.org/2015/08/18/paxton-re-indicted-fraud-case/
