Alleged identity thief saw details of some 2,200 GM Financial customers + MORE Aug 2nd

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AUSTIN, Texas – A grand jury has indicted Texas Attorney General Ken Paxton on felony securities fraud charges that accuse the Republican of misleading investors before he took over as the state’s top law enforcement officer, a special prosecutor said Saturday.
Kent Schaffer, a Houston defence attorney appointed by a judge to the case, told The New York Times that a Texas grand jury indicted Paxton on two counts of first-degree securities fraud and a lesser charge of not registering.
The most serious allegation is that he encouraged investment in McKinney-based tech startup company Servergy Inc., which is now under investigation by the Securities and Exchange Commission. The Associated Press reported Paxton’s involvement with the company — and that a federal investigation was under way — last month.
Paxton also was fined last year for not disclosing to Texas securities regulators that he was getting commissions for soliciting investors.
Paxton’s lawyer, Joe Kendall, issued a statement Saturday night saying the judge overseeing the case “has specifically instructed both parties to refrain from public comment on this matter and we are honouring the judge’s instructions…

Continue Reading On canadianbusiness.com »

GM Financial says information about approximately 2,200 of its customers was “inappropriately accessed” by a former employee who was recently charged in connection with an identity theft scheme, CBC News has learned.

Continue Reading On cbc.ca »

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