A prosecutor told a federal jury Wednesday that the government has the goods on professional gambler William "Billy" Walters for insider trading. But Walters' attorney, Kramer Levin's Barry Berke, said the star witness against his client, worried about his own possible prosecution after stealing from a charity for battered women, made up the story.
March 15, 2017 at 06:03 PM
1 minute read
A prosecutor told a federal jury Wednesday that the government has the goods on professional sports gambler William “Billy” Walters for insider trading.
Assistant U.S. Attorney Michael Ferrara, in his opening statement at Walters’ trial before Southern District Judge P. Kevin Castel, said there is ample evidence that Walters traded on inside information on Dean Foods from the company’s former board chairman, Thomas Davis, now a government cooperator.
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