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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.
Nov 19, 2019 · Wyly ultimately was convicted—and socked with a whopping $1.3 billion bill for back taxes, interest and penalties, with $200 million of that owed to the SEC and $1.1 billion to the IRS. But ...
- Lauren Debter
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Jul 18, 2023 · It took 30 years, but Lee Ainslie is now the sole owner of Maverick Capital, the hedge fund firm he started along with the family of Texas businessman Sam Wyly.. Wyly’s son, Evan, stepped down ...
- Miles Weiss
Apr 27, 2014 · NEW YORK (AP) — For decades, Sam and Charles Wyly won admiration as Texas entrepreneurs skilled at building businesses worth billions of dollars. But a regulatory agency is casting them in a new light at a civil trial, saying the brothers earned more than $500 million through fraud and deception by secretly trading the securities of public companies they controlled. The onetime IBM Corp ...
Mar 27, 2015 · Wyly founded University Computing Co. in 1963 with $1,000 in the bank and grew it into a multimillion-dollar computer services company. In 1967, Sam and Charles purchased the Bonanza Steakhouse ...
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.
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 Wednesday.
