The United States SEC wants the executor of Charles Wyly’s estate held in contempt for failure to pay the $101.2 million bill for the late Texas businessman’s fraud. Wyly’s son-in-law, Donald Miller, has not paid the sum in his role as executor, which he was ordered to do back in February 2015. Wyly and his brother were involved in fraud, earning millions in undisclosed profits through trading using offshore trusts. The SEC is insisting on payment of the sum or for his executor to be held in contempt.
See Nate Raymond, SEC Eyes Contempt for Wyly Estate’s Failure to Pay $101M, Private Wealth, September 7, 2016.
