Gambler tied to Phil Mickelson convicted of insider trading

A prosecutor had said Mickelson earned nearly $1 million after Walters told him to buy Dean Foods Co. stock in 2012

Published: April 8, 2017 3:26 pm
Phil Mickelson, news, Phil Mickelson updates, Augusta National, US Masters, US Masters news, sports news, sports, golf news, Golf, Indian Express Three-times champion Phil Mickelson is seeking at age 46 to surpass Jack Nicklaus as the oldest Masters winner. (Source: Reuters)

A Las Vegas gambler linked to golfer Phil Mickelson says a jury verdict finding him guilty of insider trading charges means he lost the biggest bet of his life.

The verdict on Friday capped a three-week trial in federal court in New York City for William “Billy” Walters. Mickelson never testified though he had been on a list of prospective witnesses. Sentencing was set for July.

Walters commented on the verdict outside court. His lawyer said the verdict will be appealed.

A prosecutor had said Mickelson earned nearly $1 million after Walters told him to buy Dean Foods Co. stock in 2012. The Securities and Exchange Commission cited Mickelson in a lawsuit and Mickelson agreed to repay it.

Walters was convicted of earning over $40 million illegally. Mickelson wasn’t charged.

For all the latest Sports News, download Indian Express App

    Live Cricket Scores & Results
    indian super league 2017 schedule

    indian super league 2017 points table