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SEC's $729M Judgment Would Bankrupt Wylys, Defense Says

By Max Stendahl (August 22, 2014, 7:14 PM EDT) -- An attorney for Texas tycoon Sam Wyly and the estate of his late brother Charles Wyly Jr. told a New York federal judge Friday that the U.S. Securities and Exchange Commission's request for a $729 million fraud judgment could "bankrupt" the defendants....

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