Sun Feb 19, 2017, 03:07 AM

Texas AG Paxton to Face Two Felony Trials

McKINNEY, Texas (CN) – Texas Attorney General Ken Paxton will face two criminal trials on felony charges of securities fraud and failing to register with state securities regulators, prosecutors said Thursday at a pre-trial hearing. If convicted of all charges he could be sent to prison for life.
Paxton’s attorneys appeared surprised by the announcement before state District Judge George Gallagher.

Defense attorney Dan Cogdell, of Houston, shook his head as he complained that a second trial will “either double or triple” the cost to Collin County taxpayers.

“I think from a judicial resources standpoint, given the fee structure that is in place, that is absurd,” Cogdell told the judge. “We are not opposed, and we request that he be tried together.”

Special prosecutors Kent Schaffer and Brian Wice said they want to try Paxton on a third-degree felony count of failing to register with the Texas State Securities Board first, then on two first-degree felony counts of securities fraud. He was indicted by a Collin County grand jury on August 2015.

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