Category: Disgorgement

SEC’s Tax Avoidance Approach to Disgorgement is a Win

The Securities and Exchange Commission (“SEC”) has been awarded a substantial win in its civil enforcement action against Samuel Wyly and Donald R. Miller, Jr. as the Independent Executor of the Will and Estate of Charles J. Wyly Jr. (the “Wylys”). The Court ordered the Wylys to pay $188 million plus pre-judgment interest associated with …

Continue reading