Ex-Dean Foods Chairman With Ties to Billy Walters Gets 2 Years in Prison in Fraud Case

Written by:
Guest
Published on:
Oct/20/2017

NEW YORK (Associated Press) — A former Dean Foods chairman who admitted feeding inside information to an influential Las Vegas gambler has been sentenced in New York to two years in prison.

A federal judge imposed the sentence on Thomas Davis, of Dallas, Texas Thursday.

Judge P. Kevin Castel acknowledged Davis was a pivotal cooperator who testified at trial against gambler William "Billy" Walters. Golfer Phil Mickelson had to repay $1 million in stock profits after receiving a tip from Walters. He wasn't charged.

Castel also criticized Davis for lying to the Securities and Exchange Commission and going on a gambling junket after pleading guilty.

Walters was convicted last spring of making over $40 million through illegal trading. He was sentenced to five years in prison.

Castel ordered Davis to surrender Jan. 9.

Davis apologized.

Business/Financial News

How Do Bookies Work?

How Do Bookies Work?

Bookies work pretty straightforwardly; they accept sporting event bets from their clients and then manage all of the bets through their “book”, which can be an actual book or some kind of sports bookie software program.

Create A Lucrative Sportsbook Empire With These 3 Premium PPH Tools

Create A Lucrative Sportsbook Empire With These 3 Premium PPH Tools

Dreaming of creating a sportsbook empire you can retire on one day? Daydreaming is over. Have these 3 premium PPH tools in your toolbox and unlock the potential in your sportsbook business.

White Label Sportsbook California

Build it and they will come!  AcePerHead.com provides the perfect white label sportsbook product for those in California now that the U.S. Supreme Court ruled to allow sports betting across all 50 states. 

White Label Sportsbook Oregon

White Label Sportsbook Oregon

AcePerHead.com provides the perfect white label sportsbook product for those in Oregon now that the U.S. Supreme Court ruled to allow sports betting in all 50 states.

White Label Sportsbook Washington

White Label Sportsbook Washington

AcePerHead.com provides the perfect white label sportsbook product for those in Washington State now that the U.S. Supreme Court has ruled to abolish decades long prohibition of sports betting.

Syndicate