Yeah, it doesn’t look good based on what I’ve read also. Fees paid to unlicensed “advisor” tracing bank records, customer complaints, etc. should be easily tied together if that’s the case. There were also complaints that Mowery tried to get clients to sign backdated documents that Paxton would receive a percentage of advisory fees.
It may be a vendetta but these events occurred and were being investigated before last month when Paxton made the marriage license statements.
The penalties seem very harsh, but I suspect he’s in alot of hot water over this. There might have been a conflict of interest with him being an estate planner lawyer and not being able to secure the proper investment licenses in Texas so he didn’t register. For him to allegedly do this IMO was really stupid and out of character for him. Very disappointed.
“Yeah, it doesn’t look good based on what I’ve read also. Fees paid to unlicensed “advisor” tracing bank records, customer complaints, etc. should be easily tied together if that’s the case. There were also complaints that Mowery tried to get clients to sign backdated documents that Paxton would receive a percentage of advisory fees.”
I really want this to be a political persecution we can dismiss, but if what you say is true he’s toast, and richly deserves to be.
This is outright fraud, and he should do time. If proven.