Walters has a long history of investing in stocks that Mr. Icahn has publicly announced he’s interested in.”

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Walters has a long history of investing in stocks that Mr. Icahn has publicly announced he’s interested in.”
Phil Mickelson, the champion professional golfer, was also mentioned during the trial as someone who had traded in Dean Foods shares
and once owed nearly $2 million in gambling debts to Mr. Walters.
Prosecutors said that Mr. Walters had supplied the board member, Thomas C. Davis, with a prepaid cellphone called the Bat Phone to use when conveying secret information
and to have sometimes spoken in code, referring to Dean Foods as “the Dallas Cowboys.”
“In engaging in his yearslong stock fraud scheme, Walters underestimated law enforcement’s resolve to pursue
and catch those who cheat the market,” Joon H. Kim, the acting United States attorney in Manhattan, said in a statement.
William T. Walters, Famed Sports Bettor, Is Guilty in Insider Trading Case –
By COLIN MOYNIHAN and LIZ MOYERAPRIL 7, 2017
Four times, the authorities went after the famed Las Vegas sports gambler William T. Walters,
and four times the man known as Billy emerged victorious.
Mr. Walters was accused in the latest case of using nonpublic information from a board member of a Dallas-based dairy processing
company, Dean Foods, to make more than $40 million from 2008 to 2014 by realizing profits and avoiding losses.

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