amuel E. Wyly ("Sam Wyly"), Charles J. Wyly, Jr. ("Charles Wyly") (jointly, the "Wylys"), Michael C. French ("French") and Louis J. Schaufelc III ("Schaufele"), (collectively, "Defendants"), alleges as follows: SUMMARY OF THE ALLEGATIONS 1. Defendants Sam Wyly and Charles Wyly engaged in a 13-year fraud