Bankrupt Wyly Tells SEC Not to Worry About Luxury Ranch Sale

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This Sept. 2, 2008 file photos shows Samuel Wyly in Aspen, Colo.

Photographer: Ed Kosmicki/AP Photo

Bankrupt ex-billionaire Samuel Wyly told a judge it’s too soon for regulators to fret over what he’ll do with as much as $50 million from the planned sale of his family’s Colorado ranch, the site of six custom-built mansions.

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