Attorney General Ken Paxton has filed a lawsuit against the East Plano Islamic Center (EPIC), Community Capital Partners (CCP), and several of their leaders, alleging that they were involved in an illegal land development scheme that violated Texas securities law.
“The leaders behind EPIC City have engaged in a radical plot to destroy hundreds of acres of beautiful Texas land and line their own pockets,” said Attorney General Paxton. “I will relentlessly bring the full force of the law against anyone who thinks they can ignore the rules and hurt Texans. The unlawful land project known as EPIC City will be stopped, and those responsible will be barred from ever creating another fraudulent operation like this again.”
According to the Attorney General’s office, CCP was established by EPIC for the purpose of buying and developing over 400 acres in Hunt and Collin Counties. The state alleges that CCP broke securities laws by engaging in fraudulent fundraising practices. Some promotional materials reportedly suggested that the development would be exclusively for Muslims and described it as “the epicenter of Islam in North America.” Authorities also claim that developers diverted significant funds for personal use, despite promises not to do so. Additionally, CCP allegedly failed to confirm whether more than 10% of its investors met legal requirements as “accredited investors.”
The investigation into EPIC City began earlier this year when Attorney General Paxton announced ongoing inquiries into the project. In October, after identifying violations of federal and state securities regulations, he requested a referral from the Texas State Securities Board (TSSB). Following this referral, Paxton has now taken legal action to halt further progress on EPIC City.
