Texas AG Ken Paxton's lawyers tell federal judge he broke no SEC rules
SHERMAN — Texas Attorney General Ken Paxton sat in a small chair in a cold courtroom Friday and held his wife's hand.
He sat for nearly two hours, silent, while his lawyers debated federal prosecutors over whether he tricked people to invest in obsolete computers before becoming the state's chief lawyer.
When it was over, Paxton hailed the hearing as his "opportunity to begin to present my side of the case," though it left his legal future no clearer than before.
A Texas grand jury and the U.S. Securities and Exchange Commission have separately accused Paxton of acting as a secret broker for a failing technology company in the summer of 2011, when he was still a state lawmaker. The complaints that he persuaded friends, clients and business associates to invest more than $800,000 in Servergy Inc. without telling them he earned a dime on every dollar.
Read more: http://www.dallasnews.com/news/crime/headlines/20160902-texas-ag-ken-paxton-s-lawyers-tell-federal-judge-he-broke-no-sec-rules.ece
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