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That used to be fairly common, as was a jurisdiction only having a part time CA who also practiced in other jurisdictions. Of course, typically you’d bring on a special who did not do much in your locality, to try to avoid potential conflicts. I get the feeling that ethics aren’t the driving force behind this guy’s decisions.
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Before I got a fulltime ACA slot, I was a part-time ACA in one county, and had a small defense practice in the surrounding counties (10/11th circuits). Also, there are a lot of specialized JDR prosecutor slots that are grant-funded and so are part-time.
I believe there are still a handful of truly part-time elected CA positions... Craig County I BELIEVE is still one; I imagine certain places like Highland County might as well. These are counties with total populations under about 5,000. There aren't many. My old boss, when he was first elected in 1980 (he retired last year at seniority #4) prosecuted and had a bustling civil practice simultaneously. I believe most of the big changes in this realm occurred in the mid 90's?
As to how the magistrate issued the charges on his/her own, that's their job. Citizens and police go to the magistrate, fill out a criminal complaint (or give sworn oral testimony in the case of police), and the magistrate issues the warrant upon finding of probable cause. A citizen used to be able to swear out a felony warrant without any LE involvement; this only changed within the last 10 years or so. Even so, there have been quite a few rubber stamped LE "investigations" on a citizen felony warrant request. I've had to defend as well as prosecute them. They usually fail at the earliest preliminary levels, if the CA even pursues them.
Only a handful of charges require prior approval by the CA's office, these are laid out in statute. Capital Murder (or whatever its new title is) is the only one that comes to mind; although out of habit most magistrates in my experience would not issue warrants against elected or appointed officials without the CA being involved.