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Special prosecutor: Texas Attorney General Ken Paxton indicted for securities

The Collin County Sheriff’s Office did not have copies of the original arrest warrants signed by the judge by Sunday night, which means even if Attorney General Ken Paxton showed up to turn himself in on Monday, nothing can happen.

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At the time, one of the special prosecutors, Kent A. Schaffer told Breitbart Texas, “We have been investigating certain allegations for the last two months and we are now getting to the stage where our investigation is complete”. Paxton’s attorney, Joe Kendall, stated that he will honor the judge’s instructions to not publicly comment on the case. The Associated Press reported Paxton’s involvement with the company — and that a federal investigation was under way — last month.

Paxton, who defeated an establishment Republican in the primaries, became attorney general this year pledging to fight abortion, same-sex marriage and the Affordable Care Act, also known as Obamacare.

If convicted he could face up to life in prison.

Earlier this summer, news surfaced that Paxton’s name had been mentioned in a U.S. Securities and Exchange Commission probe of the company, which has been accused of lying to investors.

Special prosecutors plan on presenting a first-degree felony charge against Paxton, 52, accusing him of securities fraud.

Krause said Paxton, like many others, has been waiting to hear more details about the potential case against him. He can continue to work, just as Gov. Rick Perry did after his two felony indictments in August 2014.

That’s where and when three indictments against Texas Attorney General Ken Paxton are expected to be unsealed.

The case against Paxton began in May 2014, when he was reprimanded by the Texas State Securities Board for failing to register as a representative of an investment adviser.

The two special prosecutors were appointed in April after Collin County District Attorney Greg Willis recused himself from the case.

The grand jury has been asked to determine whether there was enough evidence to indict Paxton, who came to office this year with strong tea party support, on first-degree felony charges. The New York Times reported Paxton urged investors to sink more than $600,000 into the company without disclosing he made a commission on their investments.

A liberal watchdog group, Texans for Public Justice, filed a complaint last year saying the punishment was insufficient and that the 52-year-old conservative should face criminal prosecution.

After the indictments are unsealed, Paxton can surrender to any of Texas’s 254 jails to be photographed, fingerprinted, and booked.

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“We think the only reasonable reply to these indictments would be the attorney general’s resignation”, McDonald said.

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