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I find this a little to politically convienent – SEC charges conservative campaign donors with insider trading

July 29, 2010

Samuel Wyly and Charles Wyly — billionaire brothers in Texas who have spent millions funding political campaigns — committed violations of federal securities laws and fraud by using offshore accounts to secretly trade the shares of public companies whose boards they sat on, reaping more than $550 million in profit, according to a Securities and Exchange Commission complaint filed Thursday.


Six years of investigation but the SEC doesn’t bring charges until the day that Charles Rangel is charged? I don’t think so. If they really had anything they would have charged sooner or they would wait a week to avoid the appearance that they were trying to distract from the Rangel investigation.


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