Nine years ago, Forbes put Dallas entrepreneur Sam Wyly net worth at $1.1 billion. His business savvy created tens of thousands of jobs and put billions of dollars into the pockets of investors. Charities benefited to the tune of $67 million.
Today, Wyly is in bankruptcy. The SEC wants $198 million. He’s paid lawyers more than $100 million. And the IRS wants whatever is left. The Texas Lawbook has an exclusive interview with Wyly and his legal team about the litigation, auctioning off the family’s assets and Sam Wyly’s future.
