Charles J. Wyly and Sam Wyly, the chairman and vice chairman of Michaels Stores, respectively, said they planned to turn over to the company profits that were realized from the sale of Michaels stock held by the family in offshore trusts.[...]
Recently, the company disclosed an investigation by the Manhattan district attorney's office and the Securities and Exchange Commission.
The most recent filings show that the brothers, both wealthy benefactors of President Bush, hold about 8 percent of the company's stock, nearly twice what had previously been reported.
Under the racketeering law, RICO, even before a verdict, anything bought with the proceeds of the crime goes into the public treasury.
But there seems to be special treatment afforded those who loaded up on the ‘bennies’ of crimes committed by George Bush’s buddies.
On Friday, the Manhattan District Attorney’s office announced it had captured a couple of Texas varmints, the Wyly brothers, Charles and Sam. The two have ‘fessed to concealing half their holdings in one of the rich boys’ companies, Michaels Stores. The grand jury is still out on deciding to indict the two for the crime of fraud upon the stock market.
Who are these guys? The billionaire brothers are “Pioneers” – not the kind that built little houses on the prairie, but the kind that agreed to raise over a hundred grand for George W. Bush’s first Presidential run. Sam anted up more than a quarter million for the Republican National Committee in 2000.
But that’s just the tip of the cash-berg for Bush. In 2000, Sen. John McCain was wiping the electoral floor with Bush Jr. in the Republican primaries until that March when the Wylys secretly put up two and half million dollars for a campaign to smear Bush’s opponent just days before the crucial Southern primaries.
They repeated the trick in 2004, putting up cash for the Swift Boat Veterans for Truth, the vicious little snipes who tore apart the Kerry campaign.[...]
While George W. was governor of Texas, investigative reporter Joe Conason discovered, a Wyly family private investment fund, Maverick Capital of Dallas, was awarded a state contract to invest $90 million for the University of Texas endowment.
That’s not all. As Governor, Bush signed into law an electricity “deregulation” bill that was little more than ill-disguised raid on consumers’ wallets by Texas power companies. The bill was in part drafted by an outfit called GreenMountain.com, a power company owned by – you guessed it – Sam Wyly.[...]
If the G-men don’t know where the tainted booty is cached, try this address: 1600 Pennsylvania Avenue. Ask for George or Dick.
[...]
When I worked as a racketeering investigator for government, nothing was spared, including houses bought with purloined loot. Let there be no exception here. It’s time to tape up the White House gate and hang the sign: “Crime Scene: Property to be Confiscated. Vacate Premises Immediately.”
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