Texas AG Ken Paxton Files Lawsuit Against Colony Ridge for Alleged Fraud
Attorney General Paxton Takes Stand Against Colony Ridge
In a bold legal move, Texas Attorney General Ken Paxton launched a high-stakes lawsuit against Colony Ridge, bringing to light alleged deceptive trade practices and questionable transactions. This development has notoriously gained traction as a hub for illegal immigrants looking for settlement.
Embedded within the pages of the sweeping lawsuit are accusations that point to Colony Ridge’s involvement in ongoing controversies, including multiple federal investigations and a rigorous legal challenge from heavyweight federal agencies.
The Heart of the Allegation: Exploitative Business Practices
Paxton pulls back the curtain on what he describes as a “foreclosure mill,” detailing how Colony Ridge allegedly zeroes in on foreign-born and Hispanic consumers—often with limited credit access—with appealing promises of affordable land and lenient financing options.
The spotlight shone by a Daily Wire exposé helps paint a broader picture of Colony Ridge’s reach—reportedly ballooning to a staggering 70,000 residents across 60 square miles. The business enticed land sales with minimal down payments and high interest rates, sidestepping regulations to ensnare illegal immigrants as customers.
Read More: Dive into the heart of Colony Ridge and its controversial appeal to illegal immigrant populations.
The Attorney General’s Office, through meticulous investigation, claims that false and misleading sales and marketing practices were instrumental to Colony Ridge’s business model—a violation that Paxton’s team is eager to bring to justice.
Ken Paxton stands firm in his accusation: “Colony Ridge has unashamedly flouted Texas law for profit—employing fraudulent claims and predatory lending that have heaped disproportionate harm on surrounding communities and lined the pockets of its developers at a substantial societal cost.”
In his quest for accountability, Paxton highlights the distress caused to nearby cities and schooling districts, painting Colony Ridge not just as a developer gone rogue but as a catalyst for broader social impact.
Discover the ‘largest illegal immigrant settlement’ in America—a hub for cartel activity?
My visit to Colony Ridge for @realDailyWire uncovered a rapidly expanding community of up to 75k residents.
Here’s what unfolded: pic.twitter.com/SqVkWKT7zM
— Spencer Lindquist 🇺🇸 (@SpencerLndqst) September 18, 2023
Paxton previously addressed concerns in a formal letter, where he alleged that Colony Ridge might be facilitating illegal immigration in Texas, causing strain on neighboring communities. This lawsuit serves as a declaration that such activities have not gone unnoticed.
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