U.S. SEC seeks to double $200 mln damages award against businessman Wyly
November 07, 2014 at 18:25 PM EST
NEW YORK, Nov 7 (Reuters) - The U.S. Securities and Exchange Commission will ask a federal judge to more than double the money Texas businessman Sam Wyly must pay from $200 million to $455 million for his involvement in an offshore fraud scheme, a lawyer for Wyly said on Friday.
