Tags: Obit | Wyly

Texas Billionaire-Philanthropist Charles Wyly Killed in Colo. Crash

Monday, 08 Aug 2011 09:28 AM

 

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DALLAS — Texas billionaire Charles Wyly, whose family has given millions of dollars to Republican causes and Dallas arts projects, died of injuries sustained in a car crash in western Colorado Sunday.

Wyly was turning onto a highway near Aspen when a sport utility vehicle hit his Porsche, the Colorado State Patrol said. The 77-year-old died at a local hospital,.

Wyly maintained a home in a community near Aspen.

Wyly, his brother, and their wives donated $20 million to help build Dallas' performing arts center. The brothers had said they'd given about $10 million to Republican candidates and causes since the 1970s.

Last summer, the Securities and Exchange Commission accused Wyly and his brother of using offshore havens to hide a half-billion dollars in insider trading profits. The brothers strongly denied the claims.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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