Texas Attorney General Ken Paxton on Thursday filed a lawsuit against Colony Ridge, a sprawling development that’s become a magnet for illegal immigrants, alleging deceptive trade practices and fraudulent transactions.
The lawsuit comes as Colony Ridge, which allegedly uses marketing and financial strategies to attract illegal immigrants, continues to be buried in legal problems, facing multiple federal investigations and a joint lawsuit from the Department of Justice and the Consumer Financial Protection Bureau.
“Colony Ridge’s business model is predicated on churning land purchasers through a foreclosure mill,” Paxton’s lawsuit states. “Namely, Colony Ridge targets foreign born and Hispanic consumers with limited or no access to credit with promises of cheap, ready to build land and financing without proof of income.”
The development, highlighted in a Daily Wire…
