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Wyly Says SEC Seeks 'Leg Up' On His $250M In Annuities

By Martin O'Sullivan (June 29, 2016, 1:35 PM EDT) -- Billionaire tycoon Sam Wyly slammed the U.S. Securities and Exchange Commission's bid to go after nearly $250 million of his annuities, telling a Texas judge that the agency can't circumvent the bankruptcy process to satisfy part of a $299 million judgment against him and his late brother Charles....

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