Welcome to The Forum

Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads

View basic rules for our forums

Ex-Dean Foods Chairman, Gambler Charged For Insider Trading; Mickelson Settles

Champ Kind

By Champ Kind,
in Tech News

 Share

Recommended Posts

Champ Kind Omniscient Member

Champ Kind

Posted
Posted

2016-05-19T183221Z_3_LYNXNPEC4I1G1_RTROPTP_2_USA-INSIDERTRADING.JPGBy Nate Raymond and Jonathan Stempel NEW YORK (Reuters) - U.S. authorities on Thursday charged a former chairman of Dean Foods Co and a professional Las Vegas gambler with engaging in an insider trading scheme that netted more than $40 million and included a tip that benefited professional golfer Phil Mickelson. William "Billy" Walters, who has built a multimillion-dollar fortune as a famed Las Vegas sports bettor, was accused in an indictment filed in Manhattan federal court of trading on tips from Thomas Davis, Dean Foods' former chairman. "These bets were no gamble at all," Manhattan U.S. Attorney Preet Bharara said.

 

View the full article

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing