THE BLOG

Attorney General Abbott's Tainted Wyly Money

07/30/2010 05:46 pm ET | Updated May 25, 2011

The Securities and Exchange Commission announced yesterday that they were filing charges against Texas billionaires Samuel and Charles Wyly for massive securities fraud. The brothers along with their law firm Bickel & Brewer have donated a total of $132,750 to Mr. Abbott. The Wyly brothers donated $85,000 ($42,500 from each brother) and $47,750 was donated from the law firm of Bickel & Brewer.

Mr. Abbott has collected over $2.05 million in contributions from Wall Street interests. I call on Mr. Abbott to return all of his tainted campaign money from Wall Street interests. The government is talking of fining the scoundrels of Wall Street who took down our economy but Texas won't see a penny. Mr. Abbott collects campaign donations from Wall Street interests. I will fight Wall Street for the money Texans lost, and he won't.

On June 21, 2010, I provided Texas Attorney General Greg Abbott an $18 billion lawsuit for Texas recoveries against Wall Street, now available at www.suewallstreet.com. Attorney General Abbott did not act. In my letter to the Attorney General, I offered to handle the case for no fee, with other, identified volunteer counsel. I pledge that, as Attorney General, I will only use great lawyers willing to handle this case at no fee and the fine career lawyers within the Attorney General's office.

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