How Tax Cheats Are Using Your Money to Fund Republicans

Wyly did his cheating through an offshore scheme that hid $1 billion in profits via Isle of Man "shell companies" that existed only on paper, were registered under front men to hide the Wylys' names, and were used to carry out transactions and launder money. And that's only the hidden income that was found. The Dallas mogul, with a $1 billion admitted net worth, may be guilty of the biggest personal tax fraud in U.S. history. Full Story »

Posted by Dwight Rousu

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Gaurang Thakkar
5.0
by Gaurang Thakkar - Oct. 1, 2008

Great Piece. A bit wordy, but otherwise fulfills a central role of journalism: let the facts tell the story and make people mad enough to do something about it.

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