At the request of prosecutors, a judge dismissed two securities fraud charges against Texas Attorney General Ken Paxton. The prosecutors obtained new indictments for the same charges.
The reindictments include the same basic allegations, but use new wording to claim that Paxton “unlawfully and intentionally” sold securities in the form of stock and engaged in fraud by intentionally failing to disclose two material facts that he knew about because he wanted to induce investors to purchase the stock in a McKinney-based technology company. The reindictments are written in a new format to list the two material facts that Paxton intentionally kept secret.
