Texas Attorney General Ken Paxton may be facing the fight of his life according to special prosecutors who have been investigating Paxton for securities laws violations.
Kent Schaffer, one of the special prosecutors who has been looking into Paxton’s business dealings, remarked:
“There is evidence that needs to be presented to the grand jury about a couple of different violations. One of which that they will have to determine is if securities fraud was present.”
The Texas AG has recently gotten national attention for his declaration that county clerks who object to same-sex marriage on religious grounds may refuse to issue marriage licences to gay couples. This despite last week’s ruling from the U.S. Supreme Court which legalized marriage for all couples regardless of sexual orientation.
The possible charges against Paxton are related to work he did while still a member of the Texas legislature. At that time, he was hired to solicit clients by an investment firm called Mowery Capital Management, which is now facing allegations from the State Securities Board that it defrauded investors.
In May of 2014, the Texas State Securities Board determined that Paxton had not properly registered as an investment advisor in his work with Mowery. Paxton was reprimanded and fined $1,000.
Special prosecutors were appointed earlier this year to look into Paxton’s dealings and determine if there had been any criminal violations related to Paxton’s role with the firm or his failure to properly register as an advisor.
Should Paxton be indicted and convicted on a first-degree felony charge, he could face 5-99 years of incarceration.
And if we’re lucky, he and Rick Perry, who has also been indicted on unrelated charges, can serve their time together and even be cellmates.
Hey, a guy can dream, can’t he?
This article was originally published by the same author at LiberalAmerica.org.