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Federal judge tosses SEC suit against Texas attorney general [Paxton]
Associated Press ^ | Mar 2, 2017 11:05 AM EST | Paul J. Weber

Posted on 03/02/2017 8:13:01 AM PST by Olog-hai

A federal judge on Thursday dismissed the U.S. government’s securities fraud lawsuit against Republican Texas Attorney General Ken Paxton, who still faces criminal charges of duping wealthy investors.

But the ruling by U.S. District Judge Amos Mazzant is a significant victory for Paxton, who is scheduled to stand trial in May on felony securities fraud charges. He has pleaded not guilty and faces five to 99 years in prison if convicted.

The lawsuit filed by the U.S. Securities and Exchange Commission was nearly identical to the case brought by criminal prosecutors. Both allege that Paxton of misled investors in a high-tech Texas startup by not disclosing he was being paid by the company. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: News/Current Events; US: Texas
KEYWORDS: attorneygeneral; fraud; paxton; sec

1 posted on 03/02/2017 8:13:01 AM PST by Olog-hai
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To: Olog-hai

Weak cases, and the left knew that Paxton would probably be exonerated for lack of evidence or culpability.

But their goal was the waging of lawfare, where the process IS the penalty. Win or lose, they don’t care, as long as they exact their goal of legal intimidation.


2 posted on 03/02/2017 8:18:07 AM PST by fwdude (Democrats have not been this angry since Republicans freed the slaves.)
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To: Olog-hai

Conngrats to Paxton; a good man. Screw you democrats! Ha!


3 posted on 03/02/2017 8:19:51 AM PST by Chauncey Gardiner
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To: Olog-hai

Texas Democrats tasted success by railroading Tom Delay into a prison sentence. They will never stop trying to harass Republicans that they fear now, and they have a list of Leftist judges happy to help them in that endeavor.

Let that be a lesson to Pres. Trump and A G Sessions. NEVER give Democrats success at suing you out of office!


4 posted on 03/02/2017 8:22:27 AM PST by txrefugee
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To: Olog-hai

Can’t win the election, file hundreds of law suits, one of ‘em might stick.


5 posted on 03/02/2017 8:25:15 AM PST by fella ("As it was before Noah so shall it be again,")
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To: Olog-hai

If my memory serves me correctly the people who brought all this up were two past political opponents trying to derail Paxton’s political career.


6 posted on 03/02/2017 8:29:50 AM PST by Slyfox (Where's Reagan when we need him? Look in the mirror - the spirit of The Gipper lives within you.)
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To: txrefugee

7 posted on 03/02/2017 8:40:08 AM PST by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: Olog-hai

Ken Paxton used to be a regular speaker at our Collin County Tea Party meetings years ago. I never got a single bad vibe from him.


8 posted on 03/02/2017 8:43:43 AM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: Olog-hai

This doesn’t directly impact the state prosecution.


9 posted on 03/02/2017 2:54:24 PM PST by PAR35
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