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The Wyly brothers' trading network

The SEC has charged billionaire brothers Sam and Charles Wyly with fraud for allegedly using offshore accounts to trade stock in companies without disclosing their ownership. This is how the fraud worked, according to the SEC complaint.

Graphic showing how billionaire brothers Sam and Charles Wyly¿s fraud worked, according to the SEC complaint.

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Wyly brothers built an empire side-by-side
Article | Born during the Depression in a northeast Louisiana plantation town of 3,000, Charles Wyly and his younger brother Sam have been inseparable since childhood: numbers 3 and 13 on the state-championship high school football team , business partners who turned ideas into billion-dollar companies,...

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