Texas businessman Wyly takes stand in $550 million securities trial
April 22, 2014 at 16:45 PM EDT
NEW YORK, April 22 (Reuters) - Texas businessman Sam Wyly took the stand in his civil trial in New York on Tuesday and denied U.S. Securities and Exchange Commission claims that he and his brother used a complex network of offshore trusts to conceal years of stock trades and net $550 million in undisclosed profit.
