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Mar 9, 2017 · Sam Wyly and his brother’s widow, Carolyn “Dee” Wyly, filed for Chapter 11 bankruptcy protection in 2014 to prevent collection of a $299 million judgment in favor of the U.S. Securities and Exchange Commission from 2010 in Manhattan Federal Court. Wyly settled the SEC judgment against him for $198 million after Houser ruled for the IRS.
Oct 20, 2014 · Texas tycoon Sam Wyly has filed for bankruptcy, saying he does not have the assets to pay the nearly $300 million that U.S. Securities and Exchange Commission (SEC) as the reason for seeking ...
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. His initial wealth was acquired following the public offering of University Computing Company.
Mar 27, 2015 · 71°F. 83°70°. Advertisement. Business. Once worth $1 billion, Sam Wyly is bankrupt but still fighting. Legendary Dallas businessman Sam Wyly is fighting for his family’s future in U.S ...
Oct 17, 2008 · With the help of junk-bond king Mike Milken, Sterling Software’s Sam Wyly mounted an aggressive—and ultimately successful—bid to acquire a company 10 times Sterling’s size.
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 line of credit and caused Wyly to lose his faith in the U.S. banking system, according to testimony he gave on the second day of his bankruptcy ...
Jan 5, 2016 · Texas tycoon Sam Wyly is set to face off against the Internal Revenue Service at trial on Wednesday over more than $2 billion the agency says he owes for using offshore trusts to engage in one of ...
