Texas A.G. Indicted for Fraud

BUSTED

Updated Apr. 14, 2017 10:11AM EDT / Published Aug. 02, 2015 8:19AM EDT

The attorney general of Texas has been indicted by a grand jury on charges of securities fraud and failing to register with the state securities board. Ken Paxton, a Republican former state legislator, is accused of misleading investors in tech company Servergy Inc. and failing to tell them he was making a commission on their investments, which totaled over $600,000. He is expected to turn himself in to authorities on Monday, when the indictment will be unsealed.

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Texas A.G. Indicted for Fraud