Texas AG sues EPIC City developers for fraud
Texas Attorney General Ken Paxton filed a Collin County lawsuit against the East Plano Islamic Center, Community Capital Partners and associated leaders, alleging an illegal securities and land‑development scheme tied to the proposed 400‑acre 'EPIC City' (now 'The Meadow'). The suit cites unregistered securities sales, broad solicitation that undercut claimed exemptions, misleading location and religion‑targeted marketing, undisclosed $360,000 CEO compensation, and misuse of investor funds, and seeks an asset freeze, receiver, corrected statements, penalties and restitution.
📌 Key Facts
- State suit alleges investment interests of $40,000–$80,000 were sold without proper registration or valid exemptions.
- Paxton seeks to halt fundraising, freeze assets, appoint a receiver, and impose civil penalties up to $20,000 per violation.
- Texas State Securities Board referred the case after finding 'flagrant' violations; CEO Imran Chaudhary’s $360,000 salary was allegedly undisclosed.
📊 Relevant Data
As of 2025, the Muslim population in Texas is estimated at 313,209, representing about 1.1% of the state's total population.
Muslim Population by State 2025 — World Population Review
In 2020, Muslims comprised approximately 3% of the population in Collin County, Texas, compared to 1% nationally.
2020 PRRI Census of American Religion: County-Level Data on Religious Identity and Diversity — PRRI
Between 2010 and 2022, the Asian (non-Hispanic) population in Collin County, Texas, increased by 178.5%, which is the highest growth rate among racial groups during this period.
Collin County, TX population by year, race, & more — USAFacts
As of 2023, Josephine, Texas, has a population of approximately 4,500, with a racial composition of 64.6% White, 19.4% Hispanic, 11.7% Black, and smaller percentages for other groups.
Josephine Demographics | Current Texas Census Data — Texas-Demographics.com