❓WHAT HAPPENED: Evidence of violations of securities laws by the developers of “EPIC City,” a planned Islamic settlement in Texas, has been uncovered by Attorney General Ken Paxton.
👤WHO WAS INVOLVED: Texas Attorney General Ken Paxton and entities connected to the East Plano Islamic Center (EPIC) land development project.
📍WHEN & WHERE: Announcement made in Austin on October 14, 2025.
💬KEY QUOTE: “The bad actors behind this illegal scheme must be held accountable for ignoring state and federal regulations.” – Ken Paxton
🎯IMPACT: A lawsuit may be filed if the Texas State Securities Board refers the matter back to the Attorney General.
Texas Attorney General Ken Paxton has revealed that entities linked to the East Plano Islamic Center (EPIC) land development project have breached federal and state securities laws. The Attorney General has requested the Texas State Securities Board (TSSB) to review the findings and refer the case back to his office to pursue legal action.
Paxton’s investigation into the Islamic “EPIC City” scheme began in March. It was later expanded to include document requests from local municipalities and other entities potentially involved in the unlawful development. The investigation uncovered that certain individuals and entities associated with EPIC City violated securities laws.
“After a thorough investigation, it has become clear that the developers behind EPIC City flagrantly and undeniably violated the law,” Paxton stated. The Donald J. Trump ally emphasized that the “bad actors behind this illegal scheme must be held accountable for ignoring state and federal regulations.”
A referral from the TSSB is required for the Attorney General’s office to initiate a lawsuit. Paxton has invited Chairman E. Wally Kinney and Commissioner Travis J. Iles to assess the findings and evidence, urging them to refer the matter for further legal proceedings if they concur with his office’s conclusions.
🚨BREAKING: I’ve uncovered illegal activities by EPIC City developers and requested a referral from the State Securities Board to file a lawsuit.
After a thorough investigation, it has become clear that the developers behind EPIC City flagrantly and undeniably violated the law. pic.twitter.com/l0jOaEtY1U
— Attorney General Ken Paxton (@KenPaxtonTX) October 14, 2025
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