Paxton says EPIC City developers "flagrantly and undeniably violated the law"
Ken PaxtonAttorney General of Texas
Paxton says his office's investigation shows the EPIC City developers broke the law and asks the state securities board to refer the matter to him.
Responding to
Community Capital Partners, the developer of EPIC City, violated Texas securities law, including through fraudulent practices while soliciting funds.
“After a thorough investigation, it has become clear that the developers behind EPIC City flagrantly and undeniably violated the law”
Official statement
Where this statement fits
Paxton sued EPIC City developers for securities fraud after the state securities board concluded the units were not securities
Texas Attorney General Ken Paxton sued the developers of the EPIC City housing project near Plano for securities fraud in December 2025. The Texas State Securities Board says its staff had concluded the project's land units were not securities and told Paxton's office so before he filed. A Texas Monthly report says advisers to Gov. Greg Abbott pressed the agency to refer the case.
Source and context
Official statement
About this source
Press release from the Texas Office of the Attorney General announcing its findings in the EPIC City investigation and asking the Texas State Securities Board to refer the matter back for a lawsuit.
Archived copy (opens in a new tab)Before the quotation
Paxton announced the findings of his office's investigation of the EPIC City development in a press release and a public letter to the board's chair and commissioner.
After the quotation
He asked the board to review his office's findings and refer the matter back so his office could sue.
How this statement is classified
The label describes this statement's response within the context above.
Why this label?
The reference point is the Texas government's pursuit of a securities fraud case against the EPIC City developers. Paxton says the developers "flagrantly and undeniably violated the law" and asks for the referral he needs to sue, so we labeled it Defended. The closest competing label is Condemned, since he condemns the developers; it loses because the conduct under scrutiny here is the state's case, which he is advancing.
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More from this case
Read the full caseAbbott's office says the governor will act against any group that violates state law
“Governor Abbott will take action against any group that seeks to violate our Constitution and laws, regardless of faith.”Read statement
State securities board says its staff found the EPIC City units were not securities
Texas State Securities Board
“After a months-long and thorough investigation, the staff in fact concluded that, given the evidence available to date, the sales of limited partnership interests did not constitute securities under the purview of the Texas Securities Act, despite being treated and marketed as such to investors.”Read statement
Paxton says EPIC City's leaders engaged in "a radical plot"
“The leaders behind EPIC City have engaged in a radical plot to destroy hundreds of acres of beautiful Texas land and line their own pockets”Read statement
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- Paxton says EPIC City developers "flagrantly and undeniably violated the law"
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The Dispute Index. "Paxton says EPIC City developers "flagrantly and undeniably violated the law"". First published: 2026-10-17. Last updated: 2026-10-17. https://disputeindex.com/events/5970-paxton-says-his-office-s-investigation-shows-the