Ex-Billionaire Wyly’s Dallas Mansion Slipping Away in Court

  • Bankruptcy judge says Texas homestead law doesn’t help Wyly
  • Ruling is a win for IRS and SEC in case over offshore fraud

Former billionaire entrepreneur Samuel Wyly will have to move out of his $12 million Texas mansion unless he miraculously wins a "home run" appeal of a fraud case in Manhattan, a federal judge ruled.

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