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Gambling Update: Billy Walters insider trading case reveals new twist

05.24.2016     08:05 AM     Printer Friendly


The Billy Walters insider trading story just got more interesting following reports that one of the accused tossed a burner cell phone into a creek.

"I did so with the intent both to impair the integrity of the cellular phone and to make it unavailable for any subsequent criminal proceeding," said Davis, who pleaded guilty at the hearing to charges including securities fraud.

Billy Walters arrested for insider trading

05.19.2016     07:51 AM     View Original Blog
Billy Walters was arrested on Wednesday for his alleged involvement in an insider trading scheme.

“Bill Walters is a true American success story, whose extraordinary accomplishments as a lawful sports gambler have been widely recognized and lauded,” the lawyer, Barry Berke, said in a statement. “Mr. Walters and his counsel look forward to his day in court where it will be shown that the prosecutors’ accusations are based on erroneous assumptions, speculative theories and false finger-pointing.”

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