Texas Investor Samuel Wyly Files for Chapter 11 Bankruptcy on the Heels of SEC Fraud Charges
Even the rich face bankruptcy: after recent fraud accusations, former billionaire Texas investor Samuel Wyly has filed for Chapter 11. Wyly last appeared on Forbes’s list of top 400 richest Americans in 2010, with a net worth of over $1 billion. But now the tycoon says he does not have the assets to pay off […]
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