Paxton says EPIC City's leaders engaged in "a radical plot"
Ken PaxtonAttorney General of Texas
Announcing his lawsuit, Paxton says EPIC City's leaders plotted to destroy Texas land and enrich themselves, and that the project will be stopped.
Responding to
Community Capital Partners, the developer of EPIC City, violated Texas securities law, including through fraudulent practices while soliciting funds.
“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”
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 a lawsuit against the East Plano Islamic Center, Community Capital Partners and several of their leaders under Texas securities law.
Archived copy (opens in a new tab)Before the quotation
Paxton's office announced the lawsuit against the East Plano Islamic Center, Community Capital Partners and several of their leaders.
After the quotation
The release says the suit followed a referral from the Texas State Securities Board.
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 announces the suit and says the project's leaders engaged in "a radical plot" to "line their own pockets", so we labeled it Defended. The closest competing label is Condemned; it loses for the same reason as his October statement: he is defending and pursuing the state's case.
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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 developers "flagrantly and undeniably violated the law"
“After a thorough investigation, it has become clear that the developers behind EPIC City flagrantly and undeniably violated the law”Read statement
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The Dispute Index. "Paxton says EPIC City's leaders engaged in "a radical plot"". First published: 2026-10-17. Last updated: 2026-10-17. https://disputeindex.com/events/5971-announcing-his-lawsuit-paxton-says-epic-city-s