Wealthy Dallas businessman and philanthropist Charles Wyly was killed today in a car accident in Colorado.
Against all odds Wyly won, selling Earth in November 1980 at the peak of the market.
Texas tycoon Sam Wyly and his brother Charles have just been charged by the SEC with fraud.
"My kids' and grandchildren's trusts still have some of those coupons coming in every six months, " Wyly laughs.
The SEC charged both Wyly brothers with fraud and insider trading last July.
Wyly, who has a vacation home in Aspen, was transported to Aspen Valley Hospital where he died of his injuries.
McCain says he's "positive" the Bush camp coordinated with the Wyly group and others that attacked him, though he has no smoking gun.
Charles Wang, the embattled chairman of Computer Associates International, had best study Wyly's record before he dismisses the Louisiana-born entrepreneur as a toothless threat.
But just three years ago the California Public Employees Retirement System (Calpers) singled out Wyly's Michaels Stores, a retailer of craft kits, as one of the worst-run companies in America.
Last August a Senate investigating committee alleged the billionaire Samuel and Charles Wyly family used private annuity trust deals with offshore shells they controlled to avoid taxes on hundreds of millions in stock options and investment gains.
Whether or not institutional investors back his slate of directors, they may be helping Wyly behind the scenes, says DeWitt Bowman, retired chief investment officer of Calpers, who helped oust chief executives at Sears and GM in the early 1990s.
According to a statement issued by the Colorado State Patrol, a blue Porsche Targa driven by Wyly, age 77, was struck by a gray Ford Freestyle at approximately 10:50 a.m. as it attempted to make a left turn onto Colorado Highway 82.
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