SEC investigators accuse Paxton of persuading five investors to pony up $840,000 into Servergy, without confirming the claims of the company's founder, William Mapp, related to the sale of its data servers and their technological capabilities, the Texas Tribune previously reported. One month later,
sors (like its rivals newest offerings), even though they actually had less powerful 32-bit processors. The company and its CEO, William Mapp, also would allegedly make other misrepresentations to investors, such as having received an order from Amazon AMZN. In real
Date: Apr 11, 2016
Category: U.S.
Source: Google
APNewsBreak: Texas AG figures in federal securities probe
as Paxton, who was a member of the Texas Legislature for a decade, campaigned for attorney general. A day after the SEC filed its lawsuit demanding records, Servergy founder William Mapp made a $250 campaign contribution to Paxton, the first time Mapp had ever donated to a Texas political candidate.
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