Texas Attorney General Ken Paxton was indicted in 2015 for securities fraud.
Ken Paxton, the Texas Attorney General and Republican candidate for Governor, has been indicted by a grand jury on two counts of first-degree securities fraud. The charges are related to allegations that he failed to disclose $600,000 worth of stock sales in a technology company while he was serving as the Texas State Representative. The indictment comes just one week before the Republican primary election on March 4th.
What is an impeachment?
Impeachment is a process that allows the removal of an official from their position by the legislature. It is often confused with “removal from office,” which is actually known as disqualification or removal from office. Impeachment and removal from office are both political processes that can result in a public official being removed from their position.
Why was Ken Paxton impeached?
Ken Paxton was indicted by a grand jury on two counts of first-degree securities fraud after failing to disclose $600,000 worth of stock sales in a technology company while he was serving as Texas State Representative. According to prosecutors, Paxton did not reveal his investment in Servergy Inc., which sells data storage servers and cloud services, even though he had been soliciting clients for the company since 2011.
