Prosecutor Asks Jury to Find Billy Walters Guilty in Insider Trading Trial

Written by:
Guest
Published on:
Apr/05/2017

Closing arguments in the trial of professional sports bettor Billy Walters had the prosecutor asking the New York jury to find him guilty of earning tens of millions of dollars illegally in the stock market.

Walters is accused of obtaining insider trading tips about dairy processing company Dean Foods. He has pleaded not guilty.

Prosecutors say trading and phone records back up the testimony of a former Dean Foods Co. board member who said he gave secrets to Walters.

Golfer Phil Mickelson was also named in the indictment but not charged with any crime.  Last week, Walters said he would refuse to testify.

The Securities and Exchange Commission accused Mickelson in a civil lawsuit of making nearly $1 million in a 2012 stock trade. Mickelson agreed to repay it.

- Jagajeet Chiba, Gambling911.com

 

Gambling News

Court Upholds Death Sentence in Killing of Baby, Grandmother in Gambling Plot

Court Upholds Death Sentence in Killing of Baby, Grandmother in Gambling Plot

Prosecutors argued man hatched the kidnapping plot to pay for a gambling habit

Sportsbook Rental: Is There Really Such a Thing?

You are a corner bookie looking to build up your business and the thought crosses your mind: “Why not find a sportsbook rental?”

Sale of Former Atlantic Club Casino Falls Apart _ Again

Sale of Former Atlantic Club Casino Falls Apart _ Again

For the second time in as many years, a deal to convert a shuttered Atlantic City casino into a water park has dried up.

How Online Bookies Can Leverage The Gambling Fallacy

How Online Bookies Can Leverage The Gambling Fallacy

As an online bookie, you can leverage the “Gambling Fallacy” in your favor. Use bettors perception to start making more cash, learn more about it here.

Bookies Behaving Badly Part 15: ‘You F***ing Thief, You F***ing Monkey’

Bookies Behaving Badly Part 15: ‘You F***ing Thief, You F***ing Monkey’

Listen as bookie hurls the F-Bomb at customer a few times, "politely" says he has to take another call, then calls back to throw more F-Bombs at him.  Oy Vey!!!

Syndicate