 In the summer of 2010, the Internal Revenue Service and Securities and Exchange Commission accused Wyly and his brother of using offshore havens to hide more than a half a billion dollars in profits over 13 years of insider stock trading and fraud.The brothers denied the claims and were fighting the allegations.Charles and Sam Wyly, according to a jury in New York City in 2013 in a civil trial, acted fraudulently by trying to hide assets which they controlled in four public companies that were sold for billions of dollars.