The two special prosecutors, Schaffer and Brian Wice, have been presenting evidence to the grand jury in connection with Paxton’s self-admitted violation of state securities law.

Kent Schaffer, one of two special prosecutors who took the Paxton case to the grand jury, told The New York Times that the indictments include three felony counts – two alleging first-degree securities fraud and another alleging a third-degree charge that he failed to register as a securities agent.

Paxton faces three charges in indictments that were issued Tuesday and instantly sealed, according to NBC 5.

A Tarrant County judge was appointed to hear the case which is predicted will go to trial. Because our statutory mandate as special prosecutors is not to convict, but to see that justice is done, our commitment to these bedrock principles remains inviolate.

No comment from Paxton’s office, but his spokesman has repeatedly said this is exclusively a civil and not a criminal matter.

He said Paxton is expected to turn himself in Monday, the same day the new indictment is expected to be unsealed. He said Paxton is accused of encouraging investors in 2011 to put more than $600,000 into Servergy, while not telling them he was making a commission on their investment and misrepresenting himself as an investor.

When he was in the state legislature, Paxton was hired to seek clients by an investment firm called Mowery Capital Management, which is facing allegations from the State Securities Board of defrauding investors.

“While we await further information, one thing is abundantly clear: Republican Ken Paxton couldn’t get away from the Texas Rangers“. Arguably, the board should have referred the case immediately to prosecutors, but instead it was left to Texans for Public Justice to file the criminal complaint with the Public Integrity Unit.

Paxton can surrender at any of the state’s 254 county jails.

“Republicans have known about Ken Paxton’s well-reported illegalities for more than a year and did nothing”, Edward Espinoza, executive director of Progress Texas, said in a statement.