SEC Closes The Book On Sam Wyly Case With $198M Paid

Law360, New York (December 6, 2017, 9:52 PM EST) -- A Texas federal judge closed out the U.S. Securities and Exchange Commission’s long battle with investor Sam Wyly and his family on Tuesday, releasing them from an asset freeze in the wake of the full payment of a $198 million settlement.

The decisions come after years of litigation against Sam and his late brother Charles Wyly Jr., both of whom the SEC has pursued since 2010 through trial and bankruptcy court on claims they committed fraud by using offshore trusts to trade stocks. Sam Wyly sought...
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Case Title

Securities and Exchange Commission v. Wyly et al


Case Number

1:10-cv-05760

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

J. Paul Oetken

Date Filed

July 29, 2010

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