Friday, July 3, 2015

Paxton, Some Heat

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 new evidence during the investigation that led to the securities fraud allegations against the sitting attorney general.

"The Rangers went out to investigate one thing, and they came back with information on something else," Schaffer told News 8. "It's turned into something different than when they started."

Schaffer, a Houston criminal defense attorney, said the securities fraud allegations involve amounts well in excess of $100,000. He declined to comment specifics of the fraud allegations.

A first-degree felony conviction is punishable by up to life in prison.

Now, securities fraud isn't sexy or anything, but an attorney general facing a felony fraud indictment is a pretty big deal.  I'm interested to see how this plays out.  Paxton is such a raging asshole that he can't have made too many friends among prosecutors and cops in Texas.  If there's a special prosecutor that was looking for one crime and managed to find a much bigger one hiding nearby, it's a pretty safe bet ol' Ken here has some pretty dirty laundry.

How he made it this far, well that might be a question for, say, Rick Perry.

Who is facing his own investigation.

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