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Texas Gov. Rick Perry was one of the biggest political beneficiaries, receiving more than $300,000 combined from the Wylys since 2000, according to Texas Ethics Commission reports. According to the nonpartisan Center for Responsive Politics, the brothers had donated almost $2.5 million to more than 200 Republican candidates and committees at the federal level over the past two decades. Last summer, the Securities and Exchange Commission accused Wyly and his brother of using offshore havens to hide more than a half-billion dollars in profits over 13 years of insider stock trading. The brothers denied and were fighting the allegations.
Originally posted by lowundertheradar
All allegiance aside, shouldn't contributions at this monetary level be at long last, considered political bribery? Acceptance of luxuries bought and paid for by lobbyist with the explicit aim of swaying the views of those in public office, could be seen by many as pure corruption. Should there be a penalty instituted, for that type of behavior?
Charles Wyly and Sam Wyly, Texas brothers who collectively represented Bush's 9th greatest career contributor.
Washington, D.C., July 29, 2010 — The Securities and Exchange Commission today charged brothers Samuel E. Wyly and Charles J. Wyly, Jr. of Dallas with violating federal securities laws governing ownership and trading of securities by corporate insiders. The Wyly brothers reaped more than $550 million in undisclosed gains while sitting on corporate boards by trading stock in those public companies through hidden entities located in foreign jurisdictions to conceal their ownership and trading of those securities.
Donor! The word is DONOR, not doner! grrr... Just kidding!
Originally posted by lowundertheradar
Acceptance of such huge donations seems to me an ethical failure and needs to be addressed through adequate legislature...as if THAT's ever going to happen!edit on 8-8-2011 by lowundertheradar because: (no reason given)