Statement On Jury’s Verdict In Case Against The Wylys: Andrew Ceresney, Director, SEC Division Of Enforcement

“We are gratified by the jury’s verdict finding the Wylys liable for fraud and violations of the reporting requirements for corporate insiders. As proved at trial, the Wylys violated the law by using a system of offshore trusts to conceal their transactions as directors of publicly-traded companies. We will continue to hold accountable, and bring to trial when necessary, those who commit fraud no matter how complex their scheme or how hard they try to hide it.”

Related Materials

• SEC complaint