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BRIEF-Texas investor Samuel Wyly files for bankruptcy after SEC enforcement case
October 20, 2014 / 6:27 PM / 3 years ago

BRIEF-Texas investor Samuel Wyly files for bankruptcy after SEC enforcement case

Oct 20 (Reuters) - * Texas investor samuel wyly files for chapter 11 bankruptcy protection --

court records * Wyly says has between $100 million and $500 million of both assets and

liabilities * Wyly cites “massive costs” of enforcement action brought by U.S. Securities

and Exchange Commission as reason for bankruptcy filing * Wyly says he has “substantial assets” but does not currently have the ability

to pay the full amount of all claims he faces * Wyly files for protection from creditors with U.S. bankruptcy court in Dallas

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