Ken Paxton surrenders on felony fraud charges

- Texas Attorney Ken Paxton turned himself in Monday morning after being indicted on felony securities fraud charges.

A state security team brought Paxton to the Collin County jail around 10:30 a.m. He was booked in for two counts of first-degree fraud and a lesser charge of not registering.

He was allowed to take a mugshot without the white towel around his neck. Collin County if famous for using the towel to make all suspects appear equal.

Paxton immediately posted his $35,000 bond and was released. He left again with his security team.

Last week a grand jury indicted Paxton for crimes that allegedly happened before he took over as the state’s top law enforcement officer.

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 and a spokesman for his office didn't respond to messages seeking comment Saturday by the AP.

The Associated Press contributed to this report.

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