Friday, April 10, 2015

K-Pax draws grand jury scrutiny

Our lazy-eyed unlicensed financial adviser/attorney general might be in trouble... but is probably not.  RG Ratcliffe (who is really doing a great job in taking over Paul Burka's blog):

The Houston Chronicle’s Lauren McGaughy got the break on reporting that the Collin County grand jury had asked the Travis County district attorney for its files in the Paxton securities case. District Attorney Rosemary Lehmberg had previously decided the proper venue for the case was Collin County and referred it to Collin District Attorney Greg Willis. Paxton is from Collin County and any possible crimes occurred there. Willis, who is a Paxton friend and former business partner, has refused to act.


Paxton admitted to the Texas State Securities Board that on multiple occasions he sold securities without registering as a securities dealer. The board issued a reprimand and fined him $1,000.

To review, this is stuff we all knew a year ago, when Paxton was in the process of being nominated by the TXGOP to replace Greg Abbott in the OAG, and the bad news kept breaking all through the election season, and into this year.  Here's more on this week's worm-turn from Chris Hooks at the TO.  (Be sure and read from the start to understand his premise that Paxton is in deep doo-doo.  Let's scroll to the bottom, excerpt, and disagree.)

Once the grand jury hears the evidence in Paxton’s case, an indictment seems more likely than not.

“This case is absurd because Paxton has already admitted to a crime with Texas regulators,” says )Texans for Public Justice head Craig) McDonald (who has called for a special prosecutor). His admission of guilt, passed off by his consultants during the election as the end of the matter, “in no way adjudicates his potential felony criminal behavior.” As a reminder of the surreal nature of the fact that he may not be prosecuted for a crime which he has apparently admitted to committing, McDonald says, he keeps Paxton’s “signed confession” on his desk.

"Once the grand jury hears the evidence in Paxton’s case, an indictment seems more likely than not."

I doubt it.  It's just as easy to no-bill a ham sandwich when your pal is the DA.


And I would surmise that more than a few of Willis' and Paxton's supporters sit on that GJ.  I smell a whitewash, but then I'm a skeptical sort when it comes to Republicans and ethics.

Update: DallasMorningViews reveals the big stall.

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