Phil Mickelson's gambler pal convicted: 'I'm in total shock'
A federal jury in NY found sports gambler Billy Walters guilty on 10 counts of fraud and conspiracy Friday in an insider-trading case that featured testimony about the betting habits of PGA Tour standout Phil Mickelson.
"Billy Walters lost his bet that he could cheat the securities markets on a massive scale and get away with it scot-free", said Joon Kim, the acting U.S. Attorney for the Southern District of NY.
Walters, 70, faced a four-week trial in Manhattan before U.S. District Judge P. Kevin Castel.
Attorney Barry Berke said Thursday that William "Billy" Walters should be acquitted because he never cheated when he traded the stock of the Dallas-based Dean Foods Co.
In addition to tips that made Walters money, the gambler was warned ahead of news that caused Dean Foods shares to drop 30 percent drop in one day.
Walters was charged after a high-profile probe focused on what prosecutors called his long-running scheme to obtain confidential tips about Dean Foods Co from its chairman, Thomas Davis. But the Securities and Exchange Commission accused Mickelson in a civil lawsuit of making almost $1 million in the stock trade.
Flood warning issued for Tiffin River near Stryker
All storms will be gone by sunrise Monday leaving a dry day with highs in the 70s so not a bad day for the Royals home opener. The Pawcatuck River in Southeastern Connecticut is already around 1 foot above flood stage and minor flooding is occurring.
The verdict capped a three-week trial.
As the verdict was returned on 10 counts of conspiracy, securities fraud and wire fraud, Walters shook his head repeatedly.
He hasn't been sentenced yet, but Walters could face prison time for his crimes. His lawyer said the verdict will be appealed.
During the trial, Berke used Mickelson as proof that his client was innocent, saying that if Walters had inside information, "the last thing you would do is give it to Phil Mickelson, one of the most famous athletes in the world who is going to attract regulatory scrutiny". Unless he's successful, Walters will be forced to walk away from Las Vegas businesses that include golf courses, auto dealerships and car-rental agencies, with total revenue of $500 million in 2013, according to testimony from his company's controller.
Davis testified under a cooperation deal that he met Walters while golfing.
Be Civil - It's OK to have a difference in opinion but there's no need to be a jerk.
Misbah has played 72 Test matches so far, scoring 4951 runs and is now seventh on the list of Pakistan's highest Test run-getters. However, there was a sigh of relief when he said that he was yet to hang his boots and will continue playing at domestic level.
It is one of the big stories of our time ", he said without providing any evidence supporting the allegations against Rice. But the White House and some Republican allies have continued their focus on leaks and lately on unmasking.
Trump believes Trump Tower was under surveillance, though he has provided no evidence even as he accused Obama of wiretapping him. McCAIN: "I think the circumstances indicate that there's a possibility that that request could have been politically motivated".
According to Louis C.K., he does regret sending out that letter past year , but he has no plans of taking his statements back. He also said he doubted whether the president's name was even actually "Donald Trump". "I regret saying it".
To be clear, our current Mac Pro has met the needs of some of our customers, and we know clearly not all of our customers. Apple has just revealed its plan of releasing a different type of Mac Pro next year.
King, the threat of violence is out there, but that threat can not be a deterrence to the work that needs to be done. They were part of the Third World upsurge, which had emerged after World War II in Africa, Asia and Latin America.
Matt and Jeff apparently arrived at WrestleMania moments before their match and Jeff was visibly hurting from the night before. Cena got down on one knee after he and Bella defeated The Miz and Maryse via double pin, according to ESPN .
The Hyde Amendment, a budget amendment passed every year since 1976, specifically bans directing federal funds to abortion. Supporters of the mandate plan on urging Indiana Attorney General, Curtis Hill, to make an appeal.
He said that he had been working hard to become a head coach for quite a few years and he cannot wait to return to the Hilltop. It was announced early Monday that Patrick Ewing planned to take a formal interview with his Alma Mater, Georgetown.
The singer is in the midst of her Dangerous Woman tour, so Kim and North swung by her dressing room to say hey before the show. There's a sense in me that because I went through all that pain for these two babies and that I know we did this together.
Hernandez-inspired Hull eye safety after thumping 'Boro
Gibson failed to clear the danger and Hernandez teed up Niasse, who is on loan from Everton , to shoot home in the 27th minute. Both tucked chances away from close range as Southampton finally reaped reward after creating a myriad second-half chances.
Stone-pelters fighting for nation, says Farooq
Abdullah has also said that if India and Pakistan can not resolve their issues, then the United States should come forward and facilitate the resolution between the two countries as a third party.
Jehovah's Witnesses face ban in Russian Federation
The Justice Ministry in Moscow has been investigating the Jehovah's Witnesses' Russian headquarters near St. Petersburg over the previous year and claimed it discovered violations of a Russian law banning extremism.
Sensex slips 47 points as RBI holds policy rate
The RBI left the short-term lending rate or repo rate unchanged at 6.25 per cent, and the cash reserve ratio static at 4 per cent. The Sensex at the BSE closed 47 points or 0.16 per cent down at 29,927 while the NSE Nifty ended three points lower at 9,262.
Nearly half of US adults infected with genital HPV
HPV is also linked to cancers of the vagina, vulva, penis, anus, and back of the throat, tongue and tonsils, in men and women. Paul Offit, professor of pediatrics and director of the Vaccine Education Center at the Children's Hospital of Philadelphia.
Senator ends 15-hour speech opposing Trump's court pick
Some were already predicting that they would end up eliminating the 60-vote requirement for legislation, as well as nominations. Still, at least some Democrats are sort of pretending that Gorsuch is such a special case that he is worth maximum opposition.
Masters: Top 10 story lines to watch at Augusta National
For one, this wouldn't have happened if Thompson wasn't among the tournament's contenders and, therefore, was on TV. Q. 13 when you were told walking to that tee, how were you able to sum up - whatever it takes to make birdie there.