Texas Attorney General Files Lawsuit Against EPIC and Others
On Friday, Texas Attorney General Ken Paxton announced a lawsuit against the East Plano Islamic Center (EPIC), Community Capital Partners (CCP), and several related leaders. This legal action centers on an alleged illegal securities and land development scheme tied to a project called “EPIC City,” which encompasses 400 acres.
The lawsuit was launched in Collin County, building on several months of investigation prompted by a referral from the Texas Securities Commission. The state claims the defendants raised tens of millions of dollars in contravention of securities laws, misleading investors about the project’s specifics and how the funds were utilized.
Paxton expressed strong views on the matter, stating, “The leaders behind EPIC City are engaged in a radical conspiracy to destroy hundreds of acres of beautiful Texas land to line their own pockets.” He vowed to uphold the law against those trying to exploit Texans.
According to the verified petition, CCP offered investment opportunities priced between $40,000 and $80,000, despite not meeting the necessary securities registration or federal exemption criteria.
The state contends that the group broadly solicited investors through meetings and social media, a practice that would violate the exemption they claim. Furthermore, investigators noted that the developer failed to adequately verify whether the buyers were accredited investors, with missing or insufficient documentation for many.
Advertising for the project promoted it as being “the heart of Josephine, Texas,” even after the city informed the developer in February 2025 that the site was not within city limits or designated as a public facility district. Yet, this misleading information reportedly continued to appear in marketing materials.
The lawsuit points out that promotional content seemed to target Muslim investors, including early website text and a video presenting EPIC City as the “Islamic capital of North America.”
Additionally, Paxton’s office alleges that CEO Imran Chaudhary had publicly stated he would not accept a salary but later signed a deal with a different company to receive $360,000 annually. This compensation arrangement was not disclosed in written offering documents, which raises some eyebrows.
It’s alleged that over $1 million from investors was withdrawn for general operational costs, exceeding the amounts outlined in offering materials. Texas Securities Commissioner Travis Iles stated that EPIC entities sold securities without meeting necessary registration or exemption standards and referred the case to Paxton after observing significant violations.
Paxton first announced the investigation back in March, escalating calls for a deeper inquiry in October after additional concerns had cropped up.
Now, the attorney general is requesting that the court freeze all project-related financing, appoint a receiver, amend public statements, and impose civil penalties of up to $20,000 for each violation. The lawsuit also seeks the return of investors’ funds.
EPIC City has recently been rebranded as “The Meadow,” gaining attention as a master-planned development that spans Hunt and Collin counties, with hundreds of investors reportedly involved.
As of now, attempts to reach EPIC, CCP, and Paxton’s office for comments have not produced any responses.
The full details of the lawsuit can be found in the official document.
