Dallas businessman Sam Wyly files for bankruptcy over $300 million forfeiture

[herding cats]

9. Wyly Brothers, Top Republican Bankrollers, Accused of Massive Fraud

Charles Wyly Jr. and Samuel Wyly, Texas businessmen and brothers who are among the nation’s most generous campaign donors to Republican political candidates and causes, were today hit with a Securities and Exchange Commission lawsuit accusing them of fraud worth hundreds of millions of dollars.

Beneficiaries of Wyly brothers cash together compose a who’s who of the decade’s most notable Republicans, with dozens of top GOP partisans’ campaign coffers touched by Wyly money.

Together with their wives, the Wyly brothers have donated nearly $2.5 million to Republican candidates and committees during the past 20 years, a Center for Responsive Politics analysis reveals.

During the past 20 years, Charles and Dee Wyly have donated $855,150 to the Republican National Committee, while Samuel and Cheryl Wyly donated $483,900 to the RNC, the Center’s research indicates.

Both brothers have also contributed more than $100,000 each to the National Republican Senatorial Committee. The National Republican Congressional Committee, meanwhile has received $106,000 and $44,500 from Samuel Wyly and Charles Wyly respectively.

http://www.opensecrets.org/news/2010/07/wyly-brothers-top-gop-bankrollers-a/

Just to make sure everyone is fully up to date on this man.