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.
The charges stem from an investigation about whether the official acted as a financial professional without being licensed, the outlet added.
Paxton’s attorney said the judge in the case had asked both parties not to comment publicly and “we are honoring the judge’s instructions”.
This may not be the end of Paxton’s problems, since Lone Star Project Executive Director Matt Angle has also filed complaints with the U.S. Attorneys for Northern and Eastern Districts of Texas relating to some of Paxton’s more questionable land deals.
“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”, they said.
Schaffer told The New York Times that the allegations regarding Servergy are first-degree securities fraud. He is accused of encouraging the investors in 2011 to put more than $600,000 in Servergy while failing to tell them he was making a commission on their investment and misrepresenting himself as an investor in the company, said Kent A. Schaffer, one of the two special prosecutors handling the case. The indictment is to be unsealed on Monday, when Mr. Paxton is expected to turn himself in to the authorities at the Collin County Jail.
For the first-degree sentence, Paxton could serve a life in prison or a sentence of 5-99 years.
“It’s time to determine in a court of law if Attorney General Paxton violated the very state laws that he is supposed to uphold and defend”, McDonald wrote in a public statement on the group website.
“While we await further information, one thing is abundantly clear: Republican Ken Paxton couldn’t get away from the Texas Rangers“.
He is mentioned as a possible candidate for Texas attorney general.
That the state’s top lawyer, for the first time in more than three decades, now faces serious criminal charges has got to be some kind of low point in modern Texas politics (on the heels of a sitting governor’s criminal indictment, no less).
