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Ethics Expert Warns Paxton’s Undisclosed Servergy Gift Shares

By Drooid · Oct 10, 2026, 1:35 AM UTC · How we work

Summary

Story summary

Texas Attorney General Ken Paxton defended his actions in a leaked 2014 SEC deposition, blaming his estranged wife.
Paxton testified that founder Bill Mapp gave him 100,000 Servergy shares after refusing cash.
An ethics expert warned that listing the shares without disclosing them as a gift may breach Texas rules.
A federal judge dismissed the SEC fraud case in 2017, finding Paxton owed no duty to disclose the shares.

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Story summary

Texas Attorney General Ken Paxton defended his actions in a leaked 2014 SEC deposition, blaming his estranged wife.
Paxton testified that founder Bill Mapp gave him 100,000 Servergy shares after refusing cash.
An ethics expert warned that listing the shares without disclosing them as a gift may breach Texas rules.
A federal judge dismissed the SEC fraud case in 2017, finding Paxton owed no duty to disclose the shares.