This might generate a bit of buzz tomorrow:

SEC Indictment

SEC Announcement

Here’s the key para:

“The Wyly brothers reaped more than $550 million in undisclosed gains while sitting on corporate boards by trading stock in those public companies through hidden entities located in foreign jurisdictions to conceal their ownership and trading of those securities.

The SEC alleges that the brothers created an elaborate sham system of trusts and subsidiary companies in the Isle of Man and the Cayman Islands to sell more than $750 million worth of stock in four public companies for which they were corporate directors. They also committed an insider trading violation in one of the companies for an unlawful gain of more than $31.7 million.

If there are two bigger scumbags in the State of Texas, I am unfamiliar with them. And if the SEC allegations are true, then these two douches are going to spend most of the rest of their lives behind bars.

I am curious as to which political shit-for-brains will be out defending these two jerk offs . . .

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