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Posts Tagged ‘Texas State Securities Board’

Paxton asks appeals court to reconsider

Pretty please? Lawyers for Attorney General Ken Paxton on Wednesday asked a state appeals court to reconsider its recent ruling that upheld the criminal charges against him. The motion did not address the two most serious charges alleging that Paxton committed fraud when he solicited investors in Servergy Inc. without disclosing that he was being […]

Paxton’s pal’s firm fined again

A bigger penalty this time, though he’s still in business. Mowery Capital Management, a McKinney-based investment firm with ties to indicted Attorney General Ken Paxton, has been fined $90,000 for violating state securities laws by providing false documents to Texas investigators and misleading clients about a past bankruptcy, state filings show. The cease-and-desist order by […]

Paxton moves to dismiss the charges against him

To be expected. [Ken] Paxton’s legal team announced late Monday it had filed six motions to quash the three indictments against him, citing problems with the grand jury process. They also raised other objections to the case in four pretrial applications for writ of habeas corpus. A Collin County grand jury indicted Paxton earlier this […]

Paxton recuses himself from lots of regular AG activity

Other people in the AG’s office are doing parts of Ken Paxton’s job because right now he can’t. The AG’s office has followed agency policy, state rules and laws to screen Paxton from participating in matters where he may have a conflict of interest, wrote Cynthia Meyer, spokeswoman for the Texas Office of the Attorney […]

Securities Board appeals Paxton’s pal’s sanction

“A pattern of deceit” indeed. Attorney General Ken Paxton’s role in promoting Frederick “Fritz” Mowery’s investment firm helps prove a pattern of deceiving clients and covering up financial troubles, the Texas State Securities Board said Friday. Last month, two judges assigned to help the board decide whether to take away Mowery’s ability to advise Texans […]

Paxton’s pal’s problems

AG Ken Paxton’s partner in sleazy business Fritz Mowery was also in court on Monday. Mowery Capital Management, a McKinney-based investment firm with ties to recently indicted Attorney General Ken Paxton, presented false documents to state investigators and misled its clients by lying about a past bankruptcy, two administrative law judges said [last] Friday. Judges […]

Ken who?

State Republican leaders don’t have much to say about our allegedly felonious Attorney General. Texas’ Republican leaders Sunday continued their radio silence on the indictment of Attorney General Ken Paxton on three felony fraud charges. Paxton, who was elected as part of a conservative GOP sweep that put Gov. Greg Abbott and Lt. Gov. Dan […]

Paxton indicted

It just got real, y’all. Texas Attorney General Ken Paxton has been indicted on three charges in Collin County, according to KXAS-TV NBC 5, The Dallas Morning News’ media partner. The grand jury’s indictments were issued on Tuesday, then immediately sealed. Paxton was indicted on two counts of first-degree securities fraud and one-count of third-degree […]

Paxton girding for indictment

So are we, Kenny. So are we. A Collin County grand jury is expected to weigh evidence brought by two temporary district attorneys assigned to the case. Paxton’s advisers are furiously preparing for a criminal indictment. The looming showdown has the camps bickering. Anthony Holm, a spokesman for Paxton, contends the AG should not face […]

Paxton’s partner in alleged crime

Meet Fritz Mowery, the man who helped get AG Ken Paxton into trouble. Fritz Mowery was on a mission. Last April, he tried to convince investment clients to sign backdated forms saying they knew Ken Paxton had received money for referring clients. In a hearing in March, Mowery said he did it, “because it became […]

L’affaire Paxton gets larger

Oh, yeah. When Attorney General Ken Paxton publicly admitted that he violated a state securities law last year, the State Securities Board was obligated by law to gather evidence against him and immediately refer it to prosecutors who could seek criminal charges. But prosecutors in Travis and Collin counties said the securities regulators did not […]

Paxton could be in real trouble

Whoa. The criminal investigation against Texas Attorney General Ken Paxton has taken a more serious turn, with special prosecutors now planning to present a first-degree felony securities fraud case against him to a Collin County grand jury, News 8 has learned. Special prosecutor Kent Schaffer told News 8 Wednesday afternoon that the Texas Rangers uncovered […]

More complaints against Paxton

From the Lone Star Project, spotted on the Quorum Report with the original press release forwarded to my inbox: Lone Star Project research has compiled significant information regarding the involvement of Texas Attorney General Ken Paxton in a series of questionable property transactions in Collin County. Some of the information gathered by the Lone Star […]

Paxton is all “Whatevs” on the probe against him expanding

What, him worry?. A week after news became public that a Collin County judge had broadened the investigation into Texas Attorney General Ken Paxton’s alleged securities violations, Paxton downplayed the change, saying he already had addressed the matter. “Same thing as always,” Paxton said of the expanded inquiry. […] Given the widened probe, the case’s […]

When might Paxton be prosecuted?

Attorney Ty Clevenger thinks the clock may be running out on the grand jury in Collin County. As best I can determine, the limitations deadline for charging Texas Attorney General Ken Paxton with state securities violations is June 14, 2015. If so, that means the grand jury must indict Mr. Paxton at its meeting tomorrow […]

Ken Paxton continues to be an ethical morass

We continue to learn more about just how compromised our Attorney General is. Ken Paxton earned thousands of dollars by referring his private legal clients to a financial adviser now accused of “unethical and fraudulent conduct” by the state, records obtained by The Dallas Morning News show. Paxton, now Texas attorney general, did not tell […]

Willis recuses himself from Paxton probe

Good call. Collin County District Attorney Greg Willis has asked a judge to relieve him from further involvement in investigations of his friend, Texas Attorney General Ken Paxton. Late Monday, Willis said that earlier in the day, he filed a motion with state District Judge Scott Becker to recuse himself from probes of whether Paxton, […]

Paxton evades prosecution

In Travis County, anyway. New Attorney General Ken Paxton, who in 2014 was found to have violated the Texas Securities Act, will not be prosecuted by the state’s office that investigates public corruption, officials said Thursday. Paxton, a former state senator from McKinney, violated the Securities Act by soliciting investment clients without being registered, as […]

Ken Paxton is still an ethical morass

He’s just now a statewide ethical morass. A state judge will determine whether to revoke the securities license of Frederick Mowery, who was linked to the State Securities Board’s May reprimand of Attorney General-elect Ken Paxton, for allegations that included failure to disclose conflicts of interest, plagiarism and lying to investigators. Mowery was given 20 […]

Lawsuit filed to get Paxton records from State Securities Board

From the Lone Star Project on Wednesday: Today the Texas Coalition for Lawyer Accountability (TCLA) filed suit against the Texas State Securities Board to obtain documents linked to Republican attorney general candidate Ken Paxton’s admitted felony violation of state securities law. “Ken Paxton’s actions define corruption. Paxton has not only disqualified himself to serve as […]

TPJ files criminal complaint against Ken Paxton

From the inbox: TPJ Calls for Formal Investigation of AG Candidate Ken Paxton – Criminal Complaint Filed With Travis County DA’s Office TPJ has filed a criminal complaint with the Travis County District Attorney against State Senator and Attorney General candidate Ken Paxton. The complaint, filed on July 18, seeks a formal investigation into allegations […]

Paxton gets a slap on the wrist

That’s it??? State Sen. Ken Paxton, a Republican candidate for Texas attorney general, violated the Texas Securities Act by soliciting investment clients without being registered as required by law, according to a disciplinary order made public Friday. Under the order from the Texas State Securities Board, Paxton was “reprimanded” and fined $1,000. He is also […]