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Texas AG under scrutiny for tax breaks, mortgage fraud (www.msn.com)

submitted 2 weeks ago by cm0002@lemmy.world to c/usa@midwest.social

7 comments fedilink hide all child comments

Texas Attorney General Ken Paxton and his wife, Angela, are longtime owners of a $1.5 million house in a gated community outside Dallas. In 2015, they snapped up a second home in Austin. Then another.

The problem: Mortgages signed by the Paxtons contained inaccurate statements declaring that each of those three houses was their primary residence, enabling the now-estranged couple to improperly lock in low interest rates, according to an Associated Press review of public records. The lower rates will save the Paxtons tens of thousands of dollars in payments over the life of the loan, legal experts say.

The records also revealed that the Paxtons collected an impermissible homestead tax break on two of those homes, and they have routinely flouted lending agreements on some of their other properties.

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[–] BigMacHole@sopuli.xyz 11 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

As a Republican I can SUPPORT Child Rape but DRAW THE LINE at Mortgage Fraud!

[–] womjunru@lemmy.cafe 1 points 2 weeks ago

They are under scrutiny, not under arrest ;)

[–] SanctimoniousApe@lemmings.world 6 points 2 weeks ago (1 children)

I wish I could say I was surprised...

Well, actually, I could say it due to him actually being called out on it... if I didn't already believe Trump will pardon him.

[–] slingstone@lemmy.world 5 points 2 weeks ago (1 children)

Would there be a relevant state law that was violated to allow a Trump pardon could be bypassed?

Of course, a quick search reveals he's been accused and even indicted before with few consequences.

[–] SanctimoniousApe@lemmings.world 3 points 2 weeks ago

He's the state AG - he's not gonna charge himself. I doubt any other Republican from the state taking the role after him would, either. Democrats would have to mount an incredibly unlikely takeover of state government for there to be a chance of state-level action.

[–] TheOneAndOnly@lemmy.world 3 points 2 weeks ago

...And nothing was done about it. This guy is a vile shit receptacle, and absolutely will not be impacted by any of this. Wish he and Greg Abbott would just... Explode.

[–] Jollyllama@lemmy.world 2 points 2 weeks ago

I did some research after this nearly happened to me and it is apparently a very common form of mortgage fraud.

I cosigned on a mortgage to help a family member. When I was applying for my own mortgage the first lender I spoke to told me to claim the home I was cosigned on as my primary residence. I made it very clear to the lender that I do not live there and would not ever live there but she insisted it needed to happen. I got a second opinion who flat out told me that's fraud.