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Billy Walters insider trading case unveils secret phone and hookers

05.08.2017     07:49 AM     Printer Friendly

UPDATE

The Billy Walters insider trading case just keeps getting better. Now we have a "bat phone" that was used to "secure prostitutes."


"Even though the government knew or should have known that Mr. Davis' testimony about using the bat phone between May and October 2012 was false — because he could not have received it until after that period — the government nonetheless elicited Mr. Davis' perjurious testimony on direct examination," the lawyers said.

They said the government "embraced the false testimony, aggressively defended it, misleadingly bolstered it, and thereby obtained a conviction that should not stand."










Billy Walters gets drilled for insider trading

04.10.2017     08:40 AM     View Original Blog
Bad beat for famed sports bettor Billy Walters who was found guilty of insider trading. Walters, who is expected to appeal, faces 5-10 years in prison as well as a hefty fine.


"I just lost the biggest bet of my life,'' Walters said outside Manhattan federal court minutes after the jury returned its verdict. "To say I was surprised would be the biggest understatement of my life. Frankly, I'm in total shock.''






Tags: Billy Walters




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