AG Paxton charged with fraud

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Lynyrd
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AG Paxton charged with fraud

#1

Post by Lynyrd » Mon Apr 11, 2016 8:32 pm

http://trailblazersblog.dallasnews.com/ ... robe.html/

I neither support him, nor am against him. But he has some trouble facing him.
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joe817
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Re: AG Paxton charged with fraud

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Post by joe817 » Mon Apr 11, 2016 8:39 pm

Yup. Looks like he's in for some difficult times.
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baldeagle
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Re: AG Paxton charged with fraud

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Post by baldeagle » Mon Apr 11, 2016 9:36 pm

Criminal charges from the state and civil from the feds. Lots of ways to look at this one, but time will tell if there's anything to it. One thing's for sure. He'll have some huge legal bills to pay.
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Re: AG Paxton charged with fraud

#4

Post by OneGun » Sun Apr 17, 2016 8:17 pm

From reading these media accounts of what happened, it may not be a clear right / wrong issue. If Paxton received his shares as a gift, there may not be a violation. If the shares were indeed compensation, then there may be a problem. If Paxton knew he would receive a commission on his sales, but failed to disclose, that is another problem. On the other hand, he may have done nothing wrong and his political foes are creating a scandal in the court of public opinion. It is difficult to comprehend that the chief prosecutor for the state would not know the securities laws and choose to violate them.

I suspect there is a whole lot more to this story. Could the SEC be a weapon of the Obama administration just like the IRS' targeted Conservative groups?
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Re: AG Paxton charged with fraud

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Post by KLB » Sun Apr 17, 2016 9:02 pm

Undisclosed commissions are a huge no-no under securities law. If he took them, then he deserves to be in big trouble.

If I were on the jury, I would be highly skeptical of the argument that the alleged commissions were really a gift. People don't gives gifts like that in connection with business transactions. My <malarkey> meter would red line.

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Re: AG Paxton charged with fraud

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Post by baldeagle » Sun Apr 17, 2016 9:36 pm

Texas has a recent history with trying to snag Republicans with the law. There was the Tom Delay "scandal" that ended up with him being acquitted on appeal. Then there was the ridiculous case against Rick Perry that ended up being thrown out. So I'll withhold judgment on Paxton's problems until the so-called justice system completes its process.
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Re: AG Paxton charged with fraud

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Post by ScottDLS » Sun Apr 17, 2016 10:11 pm

Maybe he'll get caught like Martha Stewart....convicted for lying about something she didn't do that wasn't illegal. :shock:
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Re: AG Paxton charged with fraud

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Post by OneGun » Thu Apr 21, 2016 5:31 pm

baldeagle wrote:Texas has a recent history with trying to snag Republicans with the law. There was the Tom Delay "scandal" that ended up with him being acquitted on appeal. Then there was the ridiculous case against Rick Perry that ended up being thrown out. So I'll withhold judgment on Paxton's problems until the so-called justice system completes its process.
Foxnews had a recent opinion piece on this very topic: http://www.foxnews.com/opinion/2016/04/ ... s-why.html
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Re: AG Paxton charged with fraud

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Post by KLB » Sat Apr 23, 2016 9:29 pm

It is difficult to comprehend that the chief prosecutor for the state would not know the securities laws and choose to violate them.
Not really. The law encompasses many complex areas. No one can know it all, and securities law is among the more complex. That said, I long ago learned that securities law is one of the few areas where a lawyer documenting a deal can go to jail. I always took it very seriously when I ventured into the area. But Paxton may not have known much and may not have wanted to know, because the money was nice. He's surely entitled to a trial, but from what I've read, it looks bad for him.


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Re: AG Paxton charged with fraud

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Post by dhoobler » Thu Mar 02, 2017 12:35 pm

Judge tosses civil fraud charges against Attorney General Ken Paxton
http://www.dallasnews.com/news/texas-po ... ken-paxton
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Re: AG Paxton charged with fraud

#11

Post by mojo84 » Thu Mar 02, 2017 9:06 pm

Alao, in the criminal case, the prosecution has or will requested a change of venue. I think this case is going to call apart.

Also, Byron Cook, one of the main guys behind this Paxton attack also has his own legal issues.
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