The U.S. Fifth Circuit once again ruled against an investor in Stanford International Bank, the notorious Houston-based Ponzi scheme. The ruling likely signals an end to at least one thread of litigation in the 11 years since its $7 billion collapse. Allen Pusey explains.
U.S. Attorney Erin Nealy Cox said the Coppell man “exploited this terrible pandemic for personal gain.”
Texas Attorney General Ken Paxton said Monday that he hired an independent prosecutor because “employees in my office impeded the investigation” and are now making “false allegations” against him as attorney general. Seven high-ranking officials in the Texas Attorney General’s office – nearly all of them longtime supporters and close confidants of Paxton – signed a one-page letter last week claiming Paxton misused his political position as one of the state’s top office holders and may have violated state and federal bribery laws.
Texas Attorney General Ken Paxton is facing either a major corruption scandal or a misunderstanding of epic proportions, legal experts told The Texas Lawbook on Sunday.
The State Bar of Texas reported its actions regarding lawyer discipline finalized and reported during September.
The SEC’s Fort Worth Regional Office filed charges Tuesday claiming that Houston businessman Verley Lee Sembritzky, Jr. and two of his companies – Bounty of the Ocean and Ocean Harvest – violated federal securities laws by operating a fraudulent investment scheme involving a purported Kenyan desalination plant investment project.
As a justice on the Texas Supreme Court Deborah Hankinson helped create the Texas Access to Justice Foundation. Although no longer on the court, she is now board chair of the foundation she helped create.
The Dallas-based company received a grand jury subpoena from the DOJ last year for documents relating to certain marketing-related claims in a lawsuit from the Federal Trade Commission against the company.
The U.S. Securities and Exchange Commission and the U.S. Justice Department have charged Marble Ridge Capital founder Daniel Kamensky with violating federal securities laws for allegedly perpetrating a fraud in his role as co-chair of the unsecured creditors committee in the Neiman Marcus bankruptcy proceedings taking place in Houston.
Summer disciplinary actions at the State Bar of Texas were scant. Activity reported include four suspensions and one request for reinstatement.