July 29, 2010 - According to the Washington Post, "The SEC has charged Samuel Wyly and Charles Wyly -- billionaire brothers in Texas who have been major political donors to conservative campaigns -- with reaping more than $550 million through fraudulent practices."
Contributors attached to Ranger Governance Ltd -- just one of the vehicles used to donate contributions by the Wyly family -- gave 134 contributions totaling $178,600 for election cycles 2002, 2004, 2006, 2008, 2010 to elected members of Congress. All 134 contributions associated with Ranger Governance Ltd. were made by members of the Wyly family. The Wyly brothers are also associated with Michael's Stores, Sterling Software, Scottish Annuity & Life Holdings Ltd., Computer Associates, Maverick Capital, Frost Bros. and Green Mountain Capital. To investigate political contributions associated with these companies and others, check out MAPLight.org's new contributions search.
Please note: Contributions only refer to campaign contributions given directly to elected members of Congress. MAPLight.org does not track contributions given to party committees such as the DNC or the RNC.
