Daily Archives: September 26, 2014, 9:55 am

Federal Court Orders Wylys to Pay ‘Staggering’ Judgment in SEC Fraud Case | Compliance Week

Yesterday, U.S. District Judge Shira Scheindlin ruled that Sam Wyly and the estate of his late brother, Charles, must pay $187.7 million in disgorgement following the SEC’s May 2014 jury verdict against them. The court described the judgment as a “staggering” sum that could reach $300-$400 million with interest. via Federal Court Orders Wylys to Pay ‘Staggering’ Judgment in SEC…

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