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

Poker Dealer Accused of Sparking San Diego California Wildfire

Poker Dealer Accused of Sparking San Diego California Wildfire

The suspect has a lengthy criminal record and documented mental health issues, according to court records.
Fugitive Sports Betting Influencer Vegas Dave Could Be Extradited From Bora Bora

Fugitive Sports Betting Influencer Vegas Dave Could Be Extradited From Bora Bora

A flashy sports betting influencer — known for his Birkin bag collections and mansions — was slapped with an arrest warrant from Las Vegas judge Joe Hardy Thursday after he no-showed a civil court proceeding, according to court records.
North Carolina Professor Says Purchase of Losing Lottery Tickets on eBay to Offset Gambling Losses 'Clearly Tax Fraud'

North Carolina Professor Says Purchase of Losing Lottery Tickets on eBay to Offset Gambling Losses 'Clearly Tax Fraud'

The scheme actually dates back to the 1980s...and don't think for a second the IRS is unaware of it.