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Billionaire Wyly Says $550M Insider Trading Case Too Old

By Eric Hornbeck ( March 6, 2013, 6:07 PM EST) -- Billionaire Samuel E. Wyly, his deceased brother and others urged a New York federal court Wednesday to toss allegations they ran a $550 million securities fraud scheme, arguing that the U.S. Securities and Exchange Commission had waited too long to sue and couldn't pursue them for allegedly unpaid taxes....

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