- Texas Attorney General Ken Paxton has initiated legal proceedings against the developers of the proposed EPIC City, a 400-acre development project.
- The lawsuit alleges that the developers engaged in illegal securities sales, which are transactions concerning investment contracts without proper regulatory compliance.
- The investigation by the Attorney General’s office uncovered potential fraud, indicating that the developers may have misled investors or misrepresented the project’s financial viability.
- Accusations of deceptive advertising are also part of the lawsuit, with claims that the marketing efforts specifically targeted the Muslim community.
- The legal action includes allegations of misleading marketing practices and unjust payouts related to the EPIC City development.
- This lawsuit underscores the Attorney General’s commitment to protecting consumers and investors from fraudulent and deceptive business practices.
Source: https://www.foxnews.com/politics/texas-ag-paxton-sues-epic-city-developers-after-probe-finds-alleged-fraud-misleading-muslim-only-marketing)
