The document describes the establishment and operation of offshore trusts by Sam and Charles Wyly between 1992 and 2005. The Wylys created multiple trusts in the Isle of Man, naming them after places of personal significance. They appointed loyalists as Protectors to control the trusts, who followed the Wylys' instructions for transactions. The document details the process of executing transactions through the Offshore System, highlighting the lack of discretion by the Offshore Trustees and the control maintained by the Wylys.
documents/EFTA01205788.pdf
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