Billionaire Wyly Brothers, Accused by Federal Government of Massive Fraud

For Immediate Release

Center for Responsive Politics
Contact: 

Dave Levinthal, 202-354-0111

Billionaire Wyly Brothers, Accused by Federal Government of Massive Fraud

Bankrolled More than 200 Republican Candidates, Committees

WASHINGTON - 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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