Sam Wyly agreed to pay almost $200 million to settle a six-year-old fraud suit filed against him and his late brother, Charles, by the Securities and Exchange Commission. Kathy Willens AP Former ...

Business. Sam Wyly downsizing from $12 million mansion to luxury retirement community Edgemere Wyly, 82, agreed in October to pay $198.1 million to settle a six-year-old fraud suit filed against ...