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WYLYS CAN BE WILY

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The NASD fined Bank of America $3 million for not obeying the rules when it comes to money laundering. According to this story, Charles and Sam Wyly are the reason why.

While the NASD did not identify the family, the accounts are identical to those held by Dallas billionaire Sam Wyly and his brother Charles, as described in an August 2006 report, “Tax Haven Abuses: The Enablers, the Tools and Secrecy,” by the U.S. Senate Permanent Subcommittee on Investigations. Family representatives have said they believed the accounts were legal.

Apparently there were 34 “high-risk” accounts “apparently affiliated” with one family. Shocking if it ends up being the Wylys.

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