Saturday, July 26, 2014

SEC seeks $1.4 billion from Texas Wyly brothers after fraud verdict

NEW YORK (Reuters) – Texas tycoon Sam Wyly and the estate of his late brother Charles should pay damages totaling $1.41 billion for their role in a scheme that hid trades in companies they controlled using offshore trusts, the U.S. Securities and Exchange Commission said.




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from Reuters: Top News http://bit.ly/1xgw4xw




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