LR angle in SEC case in Texas | Arkansas Blog

LR angle in SEC case in Texas

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Yes, there's an Arkansas angle in the SEC civil complaint alleging securities fraud against Texas billionaires Samuel and Charles Wyly. Also named is Dallas stockbroker Louis Schaufele III, a Little Rock native.

Schaufele and the Wylys turned up in earlier reporting about the implosion of the Stanford Group, where Schaufele once worked. Schaufele was a key figure several years ago in congressional investigations of off-shore tax havens. The website of the Episcopal Foundation of Dallas lists him as treasurer and vice president of the board.


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