The Texas Attorney General’s Office has filed suit against the East Plano Islamic Center over an alleged securities scheme tied to a major development project.
Paxton Alleges Illegal Securities Practices
Texas Attorney General Ken Paxton has filed a lawsuit against the East Plano Islamic Center (EPIC) and its development partners, accusing them of running an illegal securities scheme. The allegations center on a large-scale real estate project originally called EPIC City and recently rebranded as The Meadow.
The complaint, filed this week in Collin County, alleges that Community Capital Partners, LP (CCP) — the investment entity behind the development — solicited millions of dollars from investors while violating multiple provisions of Texas securities law. Paxton’s office says the group marketed the project as a major Muslim-centered community hub, misled investors about how they would use the funds, and failed to comply with legal disclosure and registration requirements.
State Claims group misled Investors
According to the Attorney General’s filing, the group made “materially misleading statements,” failed to verify whether investors were legally qualified to purchase the securities, and diverted investor funds for improper insider benefits. The lawsuit claims the group promised investors returns and development outcomes that the project’s financial records and actual progress did not support.
Promotional materials for EPIC City reportedly described the development as potentially becoming the “epicenter of Islam in North America” — language Paxton’s office argues was central to recruiting targeted investors and raising further concerns about discriminatory marketing.
Months-Long Investigation Preceded the Suit
This legal action follows a months-long investigation by the Attorney General’s Office and earlier referrals from state regulatory bodies, including the Texas State Securities Board. In March, Paxton issued a civil investigative demand to CCP, seeking documents related to fundraising practices, financial representations, and investor recruitment.
Developers Have Not Yet Responded
State officials say the lawsuit aims to halt the project’s fundraising operations and secure restitution for investors. The complaint also requests civil penalties and a permanent injunction preventing the defendants from engaging in similar activity.
Leaders of the East Plano Islamic Center and Community Capital Partners have not yet responded publicly to the lawsuit. Supporters of the development have previously argued that EPIC City is an inclusive community project and that state scrutiny led by Texas AG Paxton is politically motivated. The case is expected to move through the courts in early 2026.
Earl “Big E” Jackson is the host of The Mission Ready Men Briefing, a conservative commentary series where conviction meets culture.
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