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Texas Attorney General Ken Paxton booked on felony fraud charges

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Texas Attorney General Ken Paxton, a Tea Party Republican, turned himself in on Monday and was booked on three felony charges involving suspected securities fraud, a case critics have said undermines the integrity of the state’s top law man.

Paxton appeared for processing on the charges and posed for a mug shot in Collin County, near Dallas. Bail was set at $35,000, and Paxton immediately posted bond and was released, according to the Collin County Sheriff’s office.

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The contents of a sealed three-count indictment will soon be released, the Dallas Morning News and other media outlets reported.

Neither Paxton nor the special prosecutors appointed to the case have commented on the indictment. Paxton took his post earlier this year as the state’s top law-enforcement official, pledging a fight against abortion, same-sex marriage and the Affordable Care Act, or Obamacare.

A grand jury in July heard evidence presented by the prosecutors and the Texas Rangers. It returned the indictment that includes first-degree felony charges, which can bring up to 99 years in prison.

Paxton drew national attention when he said county clerks in Texas who object to gay marriage on religious grounds can refuse to issue marriage licenses to same-sex couples despite the U.S. Supreme Court ruling in June requiring states to allow same-sex marriage.

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

The board found in May 2014 that Paxton was not properly registered as an investment adviser in his work with the firm. It reprimanded him and fined him $1,000.

Paxton’s name also appears in a federal court document as a major investor in a Dallas-area firm in a U.S. Securities and Exchange Commission investigation.Court documents in the federal investigation of the technology firm called Servergy do not make any allegations of misconduct by Paxton or draw links to the investigation into securities fraud in Texas.

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Few of the state’s Republican leadership have publicly shown support for Paxton following reports of the indictment

Paxton’s appearance was a low-key affair compared with the arraignment of then-Governor Rick Perry of Texas on abuse of power charges last year.

Perry, now a Republican presidential contender for 2016, rallied supporters to the processing center in Austin and made a speech denouncing what he described as a politically motivated prosecution.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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White House spokesperson ridiculed for ‘pathetic’ spin on Trump’s trade war admission: ‘Does she think we believe that?’

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Hours after Donald Trump blithely admitted that he had "second thoughts" about his trade war with China that has damaged the U.S. economy and helped set the stage for a possible recession, White House spokesperson Stephanie Grisham was forced to issue a clarification about the president's comments.

Addressing Trump's G7 response about his tariffs, widely interpreted by the press as expressing some regret, Grisham issued a statement saying the president meant that he wished he had increased his market-destroying tariffs even more.

"The President was asked if he had ‘any second thought on escalating the trade war with China,'" White House press secretary Stephanie Grisham relayed. "His answer has been greatly misinterpreted. President Trump responded in the affirmative - because he regrets not raising the tariffs higher."

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Here is why Trump is obsessed with Greenland

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They say that history repeats itself, first as tragedy, then as farce. Remember that President Harry Truman tried to purchase Greenland in 1946; now, in 2019, President Donald Trump is trying to do the same thing.

This article first appeared in Salon.

To be clear, Trump’s farcical, “absurd” idea — to borrow the adjective used by Danish Prime Minister Mette Frederiksen — is not happening, and was never going to happen. As Frederiksen pointed out, Greenland is “not for sale." Trump, for his part, has not backed down from the idea.

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2020 Election

Iowa’s Steve King facing ouster because his campaign is broke and his allies have fled: report

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Iowa Republican Steve King is facing losing his seat representing his district in the U.S. House of Representatives as his campaign finds itself broke and the Republican Party has turned its back on him after his latest round of controversial comments.

According to a report from the Daily Beast, his campaign is struggling to bring donors -- who once wholeheartedly supported him --back into the fold.

Even worse, his colleagues in Congress have also abandoned him.

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