Gambling Pro Sentenced to 5 Years Prison for Insider Trading

Submitted by Guest on

Written by :

Guest

Published on :

Gambling Pro Sentenced to 5 Years Prison for Insider Trading

Billy Walters has been sentenced to five years in prison for conspiring to commit insider trading.  Walters, a Kentucky native who has long resided in Las Vegas, was convicted in April on all 10 counts he faced.  In addition to being a professional sports bettor – the most feared among offshore bookmakers in fact - Walters was also a golf course developer.

Billy Walters sentenced to 5 years in insider trading case from CNBC.

Related Content

North Carolina Law Enforcement Casts Wider Net on Fish Arcades, Latest Catch in Charlotte

North Carolina Law Enforcement Casts Wider Net on Fish Arcades, Latest Catch in Charlotte

Five arrested, 102 illegal gambling stations seized along with nearly $40,000 in cash and two firearms.
Massachusetts Little League Official Allegedly Stole $250K to Make Cash Withdrawals at Casinos

Massachusetts Little League Official Allegedly Stole $250K From Team to Make Cash Withdrawals at Casinos

Prosecutors allege that between 2019 and 2024 Christopher Gerstel made more than 200 wire transfers from the league's umpire-payment system into his personal bank account.
Two Men Plead Guilty in Southern California Casino Ambush Robberies

Two Men Plead Guilty in Southern California Casino Ambush Robberies

Juan Gabriel Gonzalez, 22, and Dereck Nathan Lopez, 21 plead guilty to the brazen ambush robberies, some of which occurred along the highway after victims left the casino.