(KERA) A third investigation into the East Plano Islamic Center is underway, with claims from Gov. Greg Abbott the group could be misleading investors who’ve purchased land in an upcoming project — though the governor did not provide details as to how.
The Texas State Securities Board is conducting an investigation for “potential failures to comply with applicable state and federal securities requirements,” including protections against fraud, Abbott said Thursday.
“The group behind the proposed East Plano Islamic Center compound may be misleading investors,” Abbott said in the press release. “Defrauding Texans will not be tolerated. The Texas State Securities Board is conducting a thorough investigation to ensure Texans are protected from financial harm that is alleged to have been caused by EPIC.”
