In a recent article published in the New York Times, Michael Lyons points out that the indictments against Texas Attorney General, Ken Paxton, involve serious allegations of securities fraud. As pointed out in the Article, commonly, perpetrators of securities fraud often avoid criminal prosecution in Texas based on the lack of resources to prosecute these kinds of cases and an emphasis on other types of crimes. Private citizens who are the victims of securities fraud are often left to civil lawsuits to seek redress.
For the complete New York Times article, click here.