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FOR IMMEDIATE RELEASE
July 30, 2010
7:51 AM

CONTACT: Center for Responsive Politics

Dave Levinthal, 202-354-0111

Billionaire Wyly Brothers, Accused by Federal Government of Massive Fraud

Bankrolled More than 200 Republican Candidates, Committees

WASHINGTON - July 30 - Charles Wyly Jr. and Samuel Wyly, Texas businessmen and brothers who are among the nation's most generous donors to Republican political candidates and causes, were today hit with a Securities and Exchange Commission lawsuit accusing them of fraud worth hundreds of millions of dollars.

Beneficiaries of Wyly brothers cash together compose a who's who of the decade's most notable Republicans, with dozens of top GOP partisans' campaign coffers touched by Wyly money.

Together with their wives, the Wyly brothers have donated nearly $2.5 million to more than 200 federal-level Republican candidates and committees during the past 20 years, a Center for Responsive Politics analysis reveals.

To read the Center's full report, click here.

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The Center for Responsive Politics is the nation's premier research group tracking money in U.S. politics and its effect on elections and public policy. The nonpartisan, nonprofit Center aims to create a more educated voter, an involved citizenry and a more responsive government. CRP's award-winning website, OpenSecrets.org, is the most comprehensive resource for campaign contributions, lobbying data and analysis available anywhere. CRP relies on support from a combination of foundation grants, individual contributions and custom research services. The Center accepts no contributions from businesses, labor unions or trade associations.

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