Billionaire dies in a car accident | Toledo, Ohio Car Accident Lawyers

Dallas billionaire Charles Wyly died in a car accident in Colorado on Sunday. He is the one who gave 20 million dollars to the AT&T Performing Arts Center, which helped to build the Dee and Charles Wyly Theatre. He was trying to turn his Porsche onto a road near the Aspenitkin County Airport when another car hit him around 11 in the morning. About an hour later he was pronounced dead at an area hospital. He was the only one in the car and the other driver had moderate injuries, the coroner's office said it was just an accident but the autopsy of Charles Wyly is still not completed and the State Patrol is still investigating the accident.
The AT&T Performing Arts Center includes the Winspear Opera House and Wyly Theatre. Charles and his brother Sam amassed their fortune over the last 50 years by buying, growing and selling their businesses like Bonanza and Ponderosa steakhouses, the arts and craft store Michaels, Green Mountain Energy and Sterling Software. When the brothers sold the Sterling Software Company the SEC accused them of insider trading. The brothers also gave over 1 million dollars to the Republican National Committee in 2000 and 2004 and helped start the career of U.S. Rep. Jeb Hensarling who is a Republican who represents Texas. In 2005 the SEC started their investigation into the brothers business dealings and accused them of illegal stock sales that were worth more than half a billion dollars. They also used offshore tax shelters to conceal 550 million dollars worth of transactions; from 1992 through 2004 the money was spent on jewelry, art, real estate, and charities. The brothers claim they are not guilty but the ruling had not been in their favor; just two weeks before Charles died he was ordered to turn over numerous documents they wanted to withhold under the attorney client privilege rule.
Those who knew and loved Charles are all understandably devastated that he is gone and he will be immensely missed.
If you or someone you know has been involved in a car accident call our Toledo, Ohio car accident attorneys at 800.637.8170 for a free case evaluation or to request your free copy of The Ohio Accident Book.