A grand jury has indicted Texas Attorney General Ken Paxton on multiple felony charges, according to several sources who are familiar with the complaints.
The charges will be unsealed in McKinney on Monday about noon, and a Tarrant County judge has already been appointed to preside over the case, sources told WFAA.
After the indictments are unsealed, Paxton can surrender to be photographed, fingerprinted and booked into jail.
It’s unclear exactly what Paxton will be indicted for, although a grand jury here has heard evidence that Paxton, 52, violated securities laws.
Special prosecutors in the Paxton case told WFAA they planned to present a third-degree charge of failing to register with the state securities board as the law requires. They also said they planned to present a first-degree felony charge against Paxton accusing him of securities fraud. All indications are that charge is related to Servergy, a McKinney-based company that has been under investigation by the Securities and Exchange Commission.
Paxton does not have to resign or step down from statewide office as he prepares to face a criminal trial. He can continue to work, just as Gov. Rick Perry did after his two felony indictments in August 2014.
Paxton’s case, legal experts predict, will go to trial since his law license and statewide office are now on the line.
Source: USA Today | Tanya Eiserer, Jason Whitely and Jim Douglas, WFAA-TV, Dallas-Fort Worth