[3] After World War II, Giles conceived of a plan to reward Texas' veterans with the ability to buy land at low interest rates subsidized by the taxpayers.
Under the program, qualified veterans could purchase ranch or farm land for a 5% down payment, with 40 years to pay off the balance.
[4] In November 1954, a reporter for the Cuero Record, Roland Kenneth "Ken" Towery discovered that there was fraud going on in the Texas Veterans Land program.
Giles was reelected as land commissioner in 1954, but faced criminal investigation by Texas attorney general, John Ben Shepperd.
Giles failed to appear to take the oath of office in January, 1955 and was eventually convicted of fraud and bribery and served three years of a six-year prison term.