Gambling Pro Sentenced to 5 Years Prison for Insider Trading

Submitted by Guest on

Written by :

Guest

Published on :

Gambling Pro Sentenced to 5 Years Prison for Insider Trading

Billy Walters has been sentenced to five years in prison for conspiring to commit insider trading.  Walters, a Kentucky native who has long resided in Las Vegas, was convicted in April on all 10 counts he faced.  In addition to being a professional sports bettor – the most feared among offshore bookmakers in fact - Walters was also a golf course developer.

Billy Walters sentenced to 5 years in insider trading case from CNBC.

Related Content

New Jersey Councilman Who Previously Admitted to Several Murders as Mob Enforcer Arrested for Extortion

New Jersey Councilman Who Previously Admitted to Several Murders as Mob Enforcer Arrested for Extortion

John Alite once claimed to have committed 15 murders, shot 30 to 40 people and beaten more than one hundred others with pipes and baseball bats.
Dearborn Michigan Dentist Braces for the Worst as Plot Thickens in Twisted MGM Grand Kidnapping Case

Dearborn Michigan Dentist Braces for the Worst as Plot Thickens in Twisted MGM Grand Kidnapping Case

Victim is said to have placed fake sports bets with DraftKings on behalf of one of the assailants that would have totaled $325,000.
Michigan Dentist, DJ Charged With Alleged Violent Kidnapping and Battery of Deadbeat Gambler in Vegas

Michigan Dentist, DJ Charged With Alleged Violent Kidnapping and Battery of Deadbeat Gambler in Vegas

Investigators claim the men then demanded $185,000 from the victim's father over alleged gambling debts and threatened to harm family members if the money was not paid.