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Wyly’s Widow Claims to Be Insolvent Following Husband’s Death

Wyly’s Widow Claims to Be Insolvent Following Husband’s Death

Wyly’s Widow Claims to Be Insolvent Following Husband’s Death 150 150 Rex Securities Law

October 28, 2014- The Dallas News reports that Texas billionaire businessman Charles Wyly had no life insurance when he died in 2011 in an automobile crash, according to a pleading filed by his 81 year old widow Caroline “Dee” Wyly. Mrs. Wyly claims that all the liquid assets of the Charles Wyly Estate have been exhausted and she has no funds to pay for living expenses or litigation.

A federal jury in Manhattan found that Charles Wyly and his brother  Sam Wyly hid offshore profits of $550 million and made illegal trades and owe over a hundred million to the SEC which resulted in the filing a Chapter 11 bankruptcy.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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