Governor Greg Abbott announced that the Texas State Securities Board is investigating the East Plano Islamic Center (EPIC) and related entities for potential non-compliance with state and federal securities requirements. This includes possible violations concerning fraud protections.
Governor Abbott expressed concerns, stating, “The group behind the proposed East Plano Islamic Center compound may be misleading investors. 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. This is part of an ongoing investigation into allegations of illegal activities by EPIC. All entities in Texas must follow state law, not Sharia law."
These developments follow a cease-and-desist order from the Texas Funeral Service Commission, demanding EPIC halt purportedly illegal funeral service operations. Governor Abbott also noted that a dozen state agencies are probing potential unauthorized activities involving EPIC and its affiliated groups.