Gambling Pro Sentenced to 5 Years Prison for Insider Trading

Written by :

Guest

Published on :

30 July, 2017

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.

Crime

Gambling News

Sports Betting

Connecticut Former Funeral Director Who Gambled Away Families' Funds Enters Guilty Plea

Phillip Pietras, 51, is expected to be sentenced to more than seven years behind bars.

Prosecutors Identify 18 Allegedly Rigged Pitches for Emmanuel Case Trial

Prosecutors Identify 18 Allegedly Rigged Pitches for Emmanuel Clase Trial

Federal prosecutors have identified 18 pitches, including one from a 2024 playoff game, that they allege involved sharing with bettors.

Prostitution, Bestiality and the FBI: Will Congress Act? There's a Bet for That..... But It's Not What You Think

FBI Director Kash Patel defended a hiring policy change Tuesday that allows some applicants who have engaged in prostitution and bestiality to be considered for employment, insisting that the move was made to enable victims of those acts to apply for a job without fear of automatic disqualification.

St. Petersburg Florida Venues Subject of Early Morning Gambling Raids

Action Arcade and The Zoo Sports Club and Grille in St. Petersburg hit as part of “Operation Final Spin.”