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

By Cara Salvatore · November 6, 2014, 6:43 PM EST

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...

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Case Information

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

Date Filed

July 29, 2010


Case Title

Samuel Evans Wyly

Case Number

3:14-bk-35043

Court

Texas Northern

Nature of Suit

Date Filed

October 19, 2014


Case Title

Caroline D. Wyly

Case Number

3:14-bk-35074

Court

Texas Northern

Nature of Suit

Date Filed

October 23, 2014