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Sam Wyly. Samuel Evans Wyly (born October 4, 1934) is an American businessman. He first appeared on Forbes ' s list of richest Americans in 2000 with a net worth of $750 million, and he remained on that list throughout 2010 with a net worth of $1 billion.
Nov 19, 2019 · The Wyly brothers’ troubles appear to have begun with Sam Wyly’s decision to move money offshore following the savings and loan crisis of the 1980s, when a bank abruptly pulled Michael’s ...
- Lauren Debter
Jan 6, 2016 · Texas tycoon Sam Wyly engaged in "lies, deception and fraud" in a years-long scheme to dodge taxes on $1.1 billion held in offshore trusts, a lawyer for the Internal Revenue Service said on...
Oct 20, 2014 · Texas tycoon Sam Wyly, accused of hiding profits in offshore trusts, seeks Chapter 11 protection to avoid paying $299.4 million to the SEC. The SEC claims he has sufficient assets, while Wyly argues he does not.
Nov 19, 2019 · But according to his oldest son Evan Wyly and his lawyer Jim Lee, Wyly is now in the clear. He paid the SEC the full $200 million owed, and the IRS agreed in October to accept $300 million, which means he ultimately got away with paying just $500 million—a $800 million reduction.
Jul 30, 2010 · Sam and Charles Wyly, a pair of Texas billionaire brothers (that's Sam pictured) who are among the Republican Party's most prolific donors, were charged by the Securities and Exchange...
Sep 1, 2010 · Samuel Wyly is a self-made billionaire investor who co-founded University Computing and Michael's chain of craft stores. He and his brother Charles face charges of insider fraud and are featured in Forbes articles on business, finance and fashion.
