Texas billionaire Charles Wyly killed in Colo.

FILE ** In this file photo of Sept. 2, 2008 Sam Wyly poses at his Explore book store in Aspen, Colo. Famed Dallas billionaire investors Sam and Charles Wyly made $550 million in undisclosed profits through 13 years of insider trading in the shares of companies on whose boards they served, according to a Securities and Exchange Commission lawsuit filed Thursday July 29, 2010 . (AP Photo/Ed Kosmicki,File)

August 9, 2011 7:48:28 AM PDT
Texas billionaire and philanthropist Charles Wyly, whose family donated millions of dollars to Republican causes and Dallas arts projects, has died after a car accident in western Colorado, authorities said. He was 77.