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.
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