The criminal investigation against Texas Attorney General Ken Paxtonhas taken a more serious turn, with special prosecutors now planning to present a first-degree felony securities fraud case against him to a Collin County grand jury, News 8 has learned.
Special prosecutor Kent Schaffer told News 8 Wednesday afternoon that the Texas Rangers uncovered new evidence during the investigation that led to the securities fraud allegations against the sitting attorney general.
“The Rangers went out to investigate one thing, and they came back with information on something else,” Schaffer told News 8. “It’s turned into something different than when they started.”
Schaffer, a Houston criminal defense attorney, said the securities fraud allegations involve amounts well in excess of $100,000. He declined to comment specifics of the fraud allegations.
A first-degree felony conviction is punishable by up to life in prison.