{"id":41434,"date":"2014-04-04T07:56:35","date_gmt":"2014-04-04T11:56:35","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=41434"},"modified":"2014-04-04T07:56:35","modified_gmt":"2014-04-04T11:56:35","slug":"texas-tycoons-hid-550-million-in-profits-offshore-u-s-tells-jury","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2014\/texas-tycoons-hid-550-million-in-profits-offshore-u-s-tells-jury.html","title":{"rendered":"Texas tycoons hid $550 million in profits offshore, U.S. tells jury"},"content":{"rendered":"<p>Reuters &#8211; Texas tycoons Sam and Charles Wyly employed a labyrinthine system of offshore trusts to conceal stock trades in four companies on whose boards they sat, netting themselves more than $550 million in undisclosed profits, a U.S. government lawyer told a federal jury on Thursday [April 3].<\/p>\n<p>&#8220;This is a case about lies, deception and fraud,&#8221; said Bridget Fitzpatrick, a lawyer for the U.S. Securities and Exchange Commission, at the start of a civil trial in New York against Sam Wyly and the estate of his late brother, Charles.<\/p>\n<p><a href=\"http:\/\/www.hedgeworld.com\/open_news\/read_newsletter_aa.cgi?section=dail&amp;story=dail23370.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Texas tycoons Sam and Charles Wyly employed a labyrinthine system of offshore trusts to conceal stock trades in four companies on whose boards they sat, netting themselves more than $550 million in undisclosed profits, a U.S. government lawyer [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41434","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=41434"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41434\/revisions"}],"predecessor-version":[{"id":41435,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41434\/revisions\/41435"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=41434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=41434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=41434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}