Tag Archives: Billy Walters
- 5 times a charm: The feds finally nailed the world’s most successful sports bettor, but not for gambling
August 1, 2017
This is a guest contribution by Brian Saady. If you would like to submit a contribution please contact Bill Beatty for submission details. Thank you. The ultimate “insider” in the world of sports betting, Billy Walters, was sentenced last week to five years in prison for leading an insider trading scheme. Understandably,...
- Sports bettor Billy Walters gets five years in prison, $10m fine for insider trading
July 27, 2017
Famed sports bettor Billy Walters has been fined $10m and sentenced to five years in federal prison for insider trading. In April, Walters was convicted on charges of securities fraud, wire fraud and conspiracy for his role in an insider trading scheme that netted him $32m in profits while avoiding...
- Sports betting icon Billy Walters convicted of insider trading
April 7, 2017
Legendary sports betting whale Billy Walters says he lost “the biggest bet of his life” after being convicted on charges of insider trading. On Friday, a jury returned guilty verdicts on all 10 federal charges of securities fraud, wire fraud and conspiracy that Walters was hit with in May 2016....
- Billy Walters pleads not guilty to insider trading, keeps private plane, loses bong
June 1, 2016
Sports betting icon Billy Walters has entered a plea of not guilty to charges of insider trading filed against him last month. On Wednesday, Walters (pictured) appeared in a Manhattan federal court to formally rebut allegations that he generated over $40m in illegal gains from insider info provided by former...
- Sports betting whale Billy Walters charged with conspiracy, securities fraud
May 19, 2016
Renowned sports bettor Billy Walters has been charged with insider trading while pro golfer Phil Mickelson has agreed to forfeit nearly $1m in profits earned from his own shady trades. On Thursday, the United States Attorney for the Southern District of New York accused Walters of using privileged information to...
- NFL, DOJ past argument shows sports betting to be a “game of skill”
July 24, 2015
According to documents discovered by ESPN through searches of public records, U.S. Attorney General Loretta Lynch and NFL lawyers have called sports betting a “game of skill” in past legal arguments. In 2003, the NFL was among several groups attempting to prevent the state of Delaware from reintroducing a football-based...
Law panel leans towards regulating gambling in India
March 20, 2017
Nevada legalizes Parimutuel Betting on eSports
October 17, 2017