Ken Paxton's Financial Disclosures: Potential Federal Ethics Law Violations
Texas Senate Nominee Omitted Income and Assets
Texas Attorney General Ken Paxton appears to have violated federal ethics law through his recent financial disclosures, according to a joint investigation by ProPublica and The Texas Tribune. The review revealed several discrepancies, including:
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Omitted Rental Income: Paxton reported owning seven homes but claimed no income from them. However, all but one of these properties were rented during the reporting periods, confirmed by current residents and neighbors.
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Unreported Mortgages: He failed to disclose mortgages for three condos at a Utah golf resort, which should have been listed as liabilities if not used as personal residences.
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Overvaluation of Land: Paxton valued his stake in a vacant Texas plot at up to $50,000, while his business partner stated that it has been worth approximately $1 million for years.
Three ethics experts noted that receiving income without disclosure is a violation of federal law.
This article originally appeared on ProPublica.