SEC Slams Wyly's Attempt To Shield Assets From Creditors

By Jonathan Randles ( June 6, 2016, 7:58 PM EDT) -- The U.S. Securities and Exchange Commission doubled down Friday on its attempt to prevent billionaire Sam Wyly  from shielding nearly $250 million in annuities from his bankruptcy creditors, telling a Texas judge the businessman is attempting to rehash issues already decided at an earlier trial at which he was found liable for tax fraud....

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