August 23, 2010
Itís Not the Money, Itís the Principal

Billionaire tax dodger Sam Wyly says:

In the six years since the Securities and Exchange Commission started investigating the Wylys, the brothers have not spoken publicly about the business enterprises that produced so many unflattering national headlines about them: a maze of 58 trusts and shell corporations based in two well-known tax havens, the Isle of Man and the Cayman IslandsÖ

If filing the case was intended to push the Wylys to accept harsher terms, Sam vows it will not work. Itís not just that he and his brother did nothing wrong, he said:

ďWe made all the shareholders money, we made all the employees money, we did a good job for the customers, we did a good job for the vendors. We did everything youíre supposed to do with a company.Ē

Speaking softly, he smiled like a guy at low boil. ďI could write them a check, but thatís not the point,Ē he said, unleashing another chortle. ďItís not about the money.Ē

H.L. Mencken says:

When somebody says itís not about the money, itís about the money.



Posted by Jerome Doolittle at August 23, 2010 01:02 PM | TrackBack
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I saw this article the other day. Utter disgusting fellows these two. Tee Hee. May they find that they have finally met their Waterloo. May the world find them their own St. Helena and Elba. Hopefully someone can find them that place soon and may the wallpaper be as enticing as Napoleon found his.

Posted by: Buck on August 24, 2010 3:55 AM
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