Posted on 04/12/2016 11:23:24 AM PDT by LesbianThespianGymnasticMidget
Edited on 04/12/2016 4:46:31 PM PDT by Sidebar Moderator. [history]
The integrity of Texas Sen. Ted Cruz has been questioned repeatedly on the campaign trail. In fact, his chief presidential rival Donald Trump has taken to calling him
(Excerpt) Read more at thehornnews.com ...
Cruz on Paxton.
It’s Ted Goldman Sachs Cruz for the lose.
Shall we start discussing Trump, Hillary or Obama’s pals?
Conservative politics in America is increasingly being criminalized by government.
The IRS does this, the Attorney general of the US does this, various state prosecutors offices including those in Texas.
People who on this board enjoy lying about how Cruz is a liar are playing along with an intellectual culture that will continue to escalate this to a practice where more and more conservatives will literally go to jail for being conservative in public.
Austin tried to do that with Rick Perry. The case was only dismissed once Perry withdrew from the Presidential race.
That is the point of the ongoing threat to sue Cruz for “not being a citizen.”
Hillary Clinton and DeBlasio can literally mock black people in public for negative stereotypes and there is no backlash or mediated punishment.
Conservatives are punished. Be careful what seed you are sowing here at FR.
The whirlwind is coming.
Tom Delay says hi, political prosecutions? Never.
LOL
The whirlwind is coming.
Thank you, that needed to be said.
I remember you preaching that about the Trump University attacks too.
And Trump’s golfing buddy, Bill Clinton was credibly accused of rape.
The charges against Paxton are PURELY political, and he will be exonerated, IMO.
These are the same corrupt people who indicted Governor Perry for, of all things, VETOING A BILL.
Doesn’t look like a political prosecution to me. Looks like another green energy type scam.
https://www.sec.gov/news/pressrelease/2016-65.html
SEC: Company Misled Investors About Energy-Efficient Technology
FOR IMMEDIATE RELEASE
2016-65
Washington D.C., April 11, 2016 —
The Securities and Exchange Commission today announced fraud charges against a Texas-based technology company and its founder accused of boosting stock sales with false claims about a supposedly revolutionary computer server and big-name customers purportedly placing orders to buy it.
Also charged in the SEC’s complaint is Texas Attorney General Ken Paxton and a former member of the company’s board of directors for allegedly recruiting investors while hiding they were being compensated to promote the company’s stock.
The SEC alleges that Servergy Inc. and William E. Mapp III sold $26 million worth of company stock in private offerings while misleading investors to believe that the Cleantech CTS-1000 server (the company’s sole product) was especially energy-efficient. They said it could replace “power-hungry” servers found in top data centers and compete directly with top server makers like IBM, Dell, and Hewlett Packard. However, neither Mapp nor Servergy informed investors that those companies were manufacturing high-performance servers with 64-bit processors while the CTS-1000 had a less powerful 32-bit processor that was being phased out of the industry and could not in reality compete against those companies.
The SEC further alleges that when Servergy was low on operating funds, Mapp enticed prospective investors by falsely claiming well-known companies were ordering the CTS-1000, and he specifically mentioned an order purportedly received from Amazon. In reality, an Amazon employee had merely contacted Servergy because he wanted to test the product in his free time for personal use.
Servergy has since cut ties with Mapp, who served as CEO. The company agreed to pay a $200,000 penalty to settle the SEC’s charges. The litigation continues against Mapp in U.S. District Court for the Eastern District of Texas.
“We allege that Mapp deceived investors into believing that Servergy’s groundbreaking technology was generating lucrative sales to major customers when it was technologically behind its competitors and made no actual sales,” said Shamoil T. Shipchandler, Director of the SEC’s Fort Worth Regional Office.
While serving in the Texas House of Representatives, Paxton allegedly reached an agreement with Mapp to promote Servergy to prospective investors in return for shares of Servergy stock. According to the SEC’s complaint, Paxton raised $840,000 in investor funds for Servergy and received 100,000 shares of stock in return, but never disclosed his commissions to prospective investors while recruiting them. Similarly, former Servergy director Caleb White allegedly raised more than $1.4 million for Servergy and received $66,000 and 20,000 shares of Servergy stock while never disclosing these commissions to investors. White has agreed to settle the SEC’s charges by paying $66,000 in disgorgement and returning his shares of Servergy stock to the company. The SEC’s litigation continues against Paxton.
“People recruiting investors have a legal obligation to disclose any compensation they are receiving to promote a stock, and we allege that Paxton and White concealed the compensation they were receiving for touting Servergy’s product,” Mr. Shipchandler said.
The SEC’s complaint charges Servergy, Mapp, Paxton, and White with violating Sections 17(a) of the Securities Act of 1933 and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. Servergy, Mapp, and White also allegedly violated Sections 5(a) and (c) of the Securities Act, and Paxton and White allegedly violated Section 17(b) of the Securities Act and Section 15(a) of the Exchange Act.
Servergy and White neither admitted nor denied the SEC’s charges in their settlements.
The SEC’s investigation was conducted by Samantha S. Martin and Carol J. Hahn and supervised by Jessica B. Magee and David L. Peavler in the Fort Worth office. The SEC’s litigation will be led by Matthew J. Gulde and Ms. Magee.
###
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See #9
If it makes you feel any better, I do believe it is entirely possible that Trump is continually under IRS audit as sources have said.
I think the message is clear.
Stop donating to Republicans and we will stop auditing you.
Keep giving to democrats and we will drop the IRS audits.
If I were a trump advisor, I would play that up more.
I still strongly prefer Cruz but I do think the point is relevant to Trump as well.
This sort of article is neither relevant nor helpful.
Cruz has friends and associates who have been charged with crimes. Trump has friends and associates who have been charged with crimes. I am not going to hold that against either one of them.
Who benefits from the Trump-Cruz wars? Hillary, Bernie, Jeb, Rubio, Kasich, and others who consistently support Amnesty, who consistently support Obamacare, and who consistently support restrictions on our individual, God-given right to keep and bear arms. Decent Americans are better off with a real truce, and not just a “I’ll stop when every person who even pretends to support the other side stops” gesture toward a truce that will never happen.
The “Lying Ted” and “Whining Trump” nonsense is not helping us to elect the best possible conservative in November. I want 99% or more of Cruz supporters to vote Trump, when he is nominated, even if they hold their noses. In the event that Cruz wins the nomination, I want 99% or more of Trump supporters to vote Cruz, even if they hold their noses. Offending the other side does not encourage them to vote Trump (or Cruz) in November. I cannot help wondering how many of those who stir up the Trump-Cruz wars are actually paid trolls taking Jeb/Hillary/Soros money to cause trouble - not all of them but probably enough to set the toxic tone.
I stand by my recurring statement:
Cruz and Trump agree far more than 80% of the time (see my tagline from Ronald Reagan). They should be friends and allies, and we should treat both of them as such.
This smells like part of the Obama administration’s ongoing witch hunt against Texas. Sadly, there are enough lefties here now that they might be piling on.
Trumpsters, don’t touch this with a ten foot pool.
Cruzers, here is an opportunity for Cruz to show some spine. If this is a witch hunt, back your guy. (In the unlikely event it isn’t, Cruz should distance himself ASAP.)
How long until Cruz disavows Paxton?
Wow, “The Horn News.”
Never heard of that Trump toady before.
Guess it can join Gateway Pundit, Conservative Tree House and Fox News in Duh Donald’s back pocket.
stop the presses- a childhood friend of Cruz’s once called someone a foul name back in 1978
In theory I agree with you 100%. In practice I can not. The dirty underhanded stuff being pulled by the Cruz camp is why. I fully support Trump going Machiavelli/Godzilla/Tsun Tzu on Ted’s sorry butt.
Thank you for that honesty. I most strongly prefer Trump but only Dems get by with classified servers in bathroom closets and any fraud they choose. The IRS is the punitive arm of the DNC.
What does Goldman Sachs have to do with anything?
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