SEC Wants Executor of Wyly Estate to be Held in Contempt

The U.S. Securities and Exchange Commission said on Wednesday (August 7th) that they want the executor of Charles Wyly’s estate to be held in contempt for not paying the $101.2 million that is owed due to Charles Wyly’s fraudulent actions.

In the letter that the SEC filed in Manhattan court, they stated that the executor, Donald Miller (Wyly’s son-in-law), had not taken any steps to paying the sum. They asked Miller to explain why the sum had not paid and if he failed to do so, hold him in contempt. The case is U.S. Securities and Exchange Commission v. Wyly et al, U.S. District Court, Southern District of New York, No. 10-5760.

You can read Reuter’s article here.

 

Some previous blog posts about the Wyly Estate:

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