IRS Seeks Record $2 Billion In Back Taxes From Prominent Businessman And Philanthropist Sam Wyly

April 18, 2015 3:42 PM

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They say you don’t get rich by writing a lot of checks. And if you believe the IRS, failing to pay billions in federal taxes may explain how two brothers and Texas businessmen amassed a fortune worthy of landing them among the Forbes 400 Richest Americans.

Sam Wyly, who along with his now-deceased brother, Charles, rose from meager beginnings to an estimated net worth in excess of $1 billion, now owes the IRS more than twice that amount — a reported $2.03 billion – in back taxes, penalties and interest.

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