Overview
- Texas Attorney General Ken Paxton filed a Collin County lawsuit against the East Plano Islamic Center, Community Capital Partners and several leaders, alleging unregistered securities sales and misleading claims to investors.
- The petition says the project was marketed as being in Josephine even after the city said the land was outside its limits, and it cites early materials that targeted Muslim buyers with promotional language.
- Investigators allege CCP sold $40,000–$80,000 investment units without required registration, failed to verify accredited investors, and did not disclose a $360,000 compensation agreement for CEO Imran Chaudhary.
- The filing claims more than $1 million of investor funds were withdrawn for general expenses and asks the court to halt fundraising, freeze assets, appoint a receiver, order corrections and return money to investors with civil penalties.
- The development, rebranded as The Meadow and marketed across Hunt and Collin counties, previously faced a DOJ fair-housing review that closed after developers agreed to follow federal rules.