Samuel Evans Wyly

  1. December 03, 2014

    Wyly Widow's $550K Fees, Living Expenses OK'd In Ch. 11

    A Texas bankruptcy judge on Wednesday approved more than $550,000 in living expenses and legal costs for the widow of business tycoon Charles Wyly, as she and brother-in-law Sam Wyly pursue Chapter 11 bankruptcies as leverage to settle a looming tax bill and a $329 million claim from the U.S. Securities and Exchange Commission.

  2. November 07, 2014

    Wyly Ex Sues To Keep $500,000 Alimony Out Of Bankruptcy

    The ex-wife of former billionaire Samuel Wyly on Thursday accused the investor of using his recently filed bankruptcy to cheat her out of her $500,000-a-year alimony payment by listing her as an unsecured creditor whose claim on his money was contractual, not court-ordered support.

  3. November 06, 2014

    IRS Says Wyly's Bankruptcy Personal Budget Is Texas-Size

    The Internal Revenue Service and the U.S. Securities and Exchange Commission on Thursday accused arts and crafts tycoon Sam Wyly of padding his "whopping" Texas bankruptcy budget with ill-justified expenses and of ignoring millions in anticipated income, as Wyly stares down a $198 million judgment from his SEC fraud trial this spring.

  4. November 04, 2014

    Wyly Widow's $28M Home Can't Cover Debts, Filing Says

    Texas tycoon Charles Wyly's bankrupt widow told a court she doesn't have enough to cover an eight-figure jury verdict in favor of the U.S. Securities and Exchange Commission over her husband and brother-in-law's offshore financial activities, spelling more trouble for the regulator's efforts to collect, even with the aid of an all-encompassing asset freeze granted on Monday.

  5. November 03, 2014

    SEC Granted Broad Freeze On Wyly Family Assets

    A New York federal judge issued a broad asset freeze Monday that covers extended family of Texas tycoon Sam Wyly and his late brother Charles, notching a win for the U.S. Securities and Exchange Commission in its bid to protect a potential $198 million offshore-trading penalty.

  6. October 22, 2014

    Wyly Says Ch. 11 Should Block SEC Asset Freeze

    Lawyers for billionaire investor Sam Wyly on Wednesday told a Texas bankruptcy judge his voluntary Chapter 11 petition protects his estate from the U.S. Securities and Exchange Commission's attempt to secure an asset freeze in New York federal court.