Fraud and insider trading charges against two Texas billionaires have created a political snag for the GOP. Samuel and Charles Wyly, brothers who founded Sterling Software and sold it for nearly $4 billion in 2000, have contributed hundreds of thousands of dollars to Republican candidates in recent years.
Samantha Smith, a spokeswoman for Burr, said the $4,000 he accepted from Charles and Dee Wyly in 2004 was spent in that election cycle. “It’s money that was spent in 2004,” she said. “If Democrats are asking for us to return the money, it’s already gone.”