LR angle in SEC case in Texas | Arkansas Blog

LR angle in SEC case in Texas



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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