Wyly Brothers Ordered To Pay $299M To SEC In Fraud Case

By Kurt Orzeck (February 26, 2015, 9:48 PM EST) -- A New York federal judge on Thursday ordered former Michael's Stores Inc. Chairman Sam Wyly and the estate of his late brother Charles Wyly Jr. to pay about $299.3 million to federal regulators for engaging in securities fraud, after the parties spent months battling over the amounts....

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