Scum, through and through.

DALLAS — Sam and Charles Wyly, Dallas billionaire investors known for
their support of conservative candidates and causes, made $550 million
in undisclosed profits through 13 years of insider trading, according
to a Securities and Exchange Commission lawsuit filed Thursday.

In a 78-page complaint filed in a Manhattan federal court in New York,
the SEC said the Wylys held and traded tens of millions of shares in
companies on whose boards they served and "defrauded the investing
public" by misrepresenting their ownership and trading of those
stocks.

"The apparatus of the fraud was an elaborate sham system of trusts and
subsidiary companies located in the Isle of Man and the Cayman Islands
.... created by and at the direction of the Wylys," the SEC complaint
stated.

Using this offshore system, the Wylys were able to sell stock worth
more than $750 million in four public companies where they served as
corporate directors. They also committed an insider trading violation
at one of the companies that resulted in an unlawful gain of over
$31.7 million, according to the complaint.

The complaint lists the four companies as Michaels Stores Inc.,
Sterling Software Inc., Sterling Commerce Inc. and Scottish Annuity &
Life Holdings Ltd., which is now known as Scottish Re Group Ltd.

"The cloak of secrecy has been lifted from the complex web of foreign
structures used by the Wylys to evade the securities laws," Lorin L.
Reisner, SEC deputy director of enforcement, said in a statement
Thursday. "They used these structures to conceal hundreds of millions
of dollars of gains in violation of the disclosure requirements for
corporate insiders."


Hopefully, they'll both end up in jail where criminals are supposed to
go.

On Jul 30, 3:46*am, jps wrote:


Yup, and now that the SEC is another political arm of the DNC, you
will see a lot of this in the near future...

On 7/30/10 8:02 AM, JustWaitAFrekinMinute! wrote:
On Jul 30, 3:46 am, wrote:


Yup, and now that the SEC is another political arm of the DNC, you
will see a lot of this in the near future...


Not true, but why would the SEC concern you? That little piggy bank full
of pennies isn't enough to buy shares...

"JustWaitAFrekinMinute!" wrote in message
...
On Jul 30, 3:46 am, jps wrote:


Yup, and now that the SEC is another political arm of the DNC, you
will see a lot of this in the near future...

-----------

Both parties are full of crooks and liars Scotty. Pretty disgusting all
around.

In article m,
says...

"JustWaitAFrekinMinute!" wrote in message
...
On Jul 30, 3:46 am, jps wrote:


Yup, and now that the SEC is another political arm of the DNC, you
will see a lot of this in the near future...

-----------

Both parties are full of crooks and liars Scotty. Pretty disgusting all
around.

Yeah, but the dems are famous for using these GO's as weapons against
republicans.. Remember the Clintons and the IRS?

--
Rowdy Mouse Racing - We race for cheese!

On 7/30/10 10:49 AM, I am Tosk wrote:
In ting.com,
says...

"JustWaitAFrekinMinute!"justwaitafrekinminute@gma il.com wrote in message
...
On Jul 30, 3:46 am, wrote:


Yup, and now that the SEC is another political arm of the DNC, you
will see a lot of this in the near future...

-----------

Both parties are full of crooks and liars Scotty. Pretty disgusting all
around.

Yeah, but the dems are famous for using these GO's as weapons against
republicans.. Remember the Clintons and the IRS?



Remember Nixon and his enemies list, a list of people who were to be
harassed by the DoJ and the IRS, among others?

You really truly are an ignorant dumfoch. I hope your wife was smart
enough to mate with someone other than you when she wanted to get
pregnant...no kid should be saddled with your ****-poor genetics.

In article ,
says...

On 7/30/10 10:49 AM, I am Tosk wrote:
In ting.com,
says...

"JustWaitAFrekinMinute!"justwaitafrekinminute@gma il.com wrote in message
...
On Jul 30, 3:46 am, wrote:


Yup, and now that the SEC is another political arm of the DNC, you
will see a lot of this in the near future...

-----------

Both parties are full of crooks and liars Scotty. Pretty disgusting all
around.

Yeah, but the dems are famous for using these GO's as weapons against
republicans.. Remember the Clintons and the IRS?



Remember Nixon and his enemies list, a list of people who were to be
harassed by the DoJ and the IRS, among others?

You really truly are an ignorant dumfoch. I hope your wife was smart
enough to mate with someone other than you when she wanted to get
pregnant...no kid should be saddled with your ****-poor genetics.

Spoofer alert! First of all, I'm much too cultured and refined to resort
to name calling and petty insults. Second, I know full well how to spell
DUMB ****.

"JustWaitAFrekinMinute!" wrote in message
...
On Jul 30, 3:46 am, jps wrote:


Yup, and now that the SEC is another political arm of the DNC, you
will see a lot of this in the near future...

You're a right-wing conspiracy freak.

On Fri, 30 Jul 2010 05:02:33 -0700 (PDT), "JustWaitAFrekinMinute!"
wrote:

On Jul 30, 3:46*am, jps wrote:


Yup, and now that the SEC is another political arm of the DNC, you
will see a lot of this in the near future...


and when the SEC was an arm of the GOP...uh, how'd that work out for
america?

On Fri, 30 Jul 2010 09:56:38 -0400, "mmc" wrote:


"JustWaitAFrekinMinute!" wrote in message
...
On Jul 30, 3:46 am, jps wrote:


Yup, and now that the SEC is another political arm of the DNC, you
will see a lot of this in the near future...

-----------

and when it was an arm of the GOP...uh, how'd that work out for the
US?