March 3, 2021

Sam Wyly committed tax fraud with offshore trusts, Judge says

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By Anthony Aarons and Erik Larson From Bloomberg A federal judge in Texas ruled that former billionaire Sam Wyly defrauded the IRS by shuffling assets among a network of offshore trusts to evade millions of dollars in taxes. U.S. Bankruptcy Judge Barbara Houser in Dallas said Tuesday that Wyly, a “sophisticated” businessman, was aware of […]