Texas Attorney General Ken Paxton has been indicted by a Collin County grand jury, Texas and national media reported Saturday, citing unnamed sources close to the case.
Paxton faces three charges in indictments that were issued Tuesday and instantly sealed, according to NBC 5. The charges will be revealed Monday in McKinney, and a Tarrant County judge has already been tapped to oversee the case, WFAA reported.
The political persecution of Rick Perry via felony grand jury indictment is and was absurd and shameful on its face. How on earth can a governor exercising a constitutionally granted power of office be a felony?
If, however, the facts alleged here against Mr. Paxton are true, that is indeed a big no no.
At the very heart of virtually all securities laws and regulations are the need to disclose interest in an endeavor. Caveat emptor presumes the buyer has valid information to work with.
Very often, these types of matters, while there is a criminal prohibition, are resolved through civil courts, as was originally done here. That, however, doesn’t preclude criminal prosecution. It’s unusual, but hardly out of bounds.
And these aren’t obscure, pettifogging rules. This sort of thing is widely known in the industry, and certainly an estate planning attorney, who routinely works hand in hand with investment advisers, should have a working knowledge.
Dinesh D’Souza likes to complain that he was persecuted for his role in a campaign finance scheme. In fact, he very stupidly broke a very, very well known law, and did so in a rather visible way. It’s not persecution when you practically invite the authorities to hammer you.
Again, should the facts of this allegation be true, it is much the same.
We on the political right cannot argue against the lawlessness of the left and simultaneously excuse egregious violations by those on the right.