"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," Paxton said.
"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," Paxton said in a press release. "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.”
Paxton launched the suit, alleging that EPIC and the CCP engaged in fraudulent practices to raise funding for the project, used promotional material that unlawfully said the city would be for only those in the Muslim community as the “epicenter of Islam in North America."
Investigators have also alleged that the developers did not take reasonable steps to verify those who were supposed to be accredited investors in the project.
The lawsuit alleged, "The Defendants devised a scheme to publicly sell what they described as 'shares' which provided an 'interest in a limited partnership' (the Units') and warrants to acquire Units to raise the equity for the development of EPIC City (the 'Offering Scheme')to accredited investors. Over 50% of the instruments were sold in Texas and offered pursuant to an offering circular referred to as the ‘Confidential Private Placement Memorandum.’”
Investigators also alleged that over $1 million in investor funds were withdrawn for operating expenses. Paxton first announced his investigation into the EPIC City project in March 2025. He has asked that all funding tied to the project be frozen and appointed to a receiver and that the court impose financial penalties of up to $20,000 per violation.
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