Las Vegas gambler Billy Walters, was ordered to forfeit $25.4 million in illegal insider-trading gains.

[Akillies]

https://www.bloomberg.com/news/arti...-organic&utm_source=twitter&utm_medium=social

 

[Akillies]

 

[AlwayzRight]

My idol

 

[Betallsports]

That's like a dozen wagers for him, no problem. He could probably get it all back this week

 

[AlwayzRight]

That's like a dozen wagers for him, no problem. He could probably get it all back this week

But what he can’t get back is 5 years of his life. 5 years he will be sittting in prison.

 

[Betallsports]

But what he can’t get back is 5 years of his life. 5 years he will be sittting in prison.

hopefully he gets a reduced sentence on appeal

 

[SECplayer]

hopefully he gets a reduced sentence on appeal

Why? He's a damn thief. Right where he belongs.

 

[Akillies]

heard he is el Broke-o

 

[CarolinaKid]

he should had got at least 10 yrs

 

[tatehill2000]

heard he is el Broke-o

Lol people like him are never ElBroko.. that fukker has 100 mil in untouchable trusts.. and businesses in other countries in other people's names...
Just like oj simpson.. just like Mel gibson that fukker has literally almost a billion in trusts, so he can't be sued... just like M.J. EVERY KNOWN PERSONALITY, has trusts and hidden insurance policies, and incorporated limited liability companies.

 

[Betallsports]

Why? He's a damn thief. Right where he belongs.

people in his position are always looking to get more money.
If you were him, you probably would have done the same thing.

He's all about the Edge, just like his Gambling.

 

[Betallsports]

heard he is el Broke-o

pretty hard to believe this. even his legit businesses make money

or maybe he wants the Gov to believe that...

I would think he has more than a few Bank accounts offshore somewhere.

 

[Willie99]

I think insider trading happens on a regular basis, all the time, each and every single day of trading

It's only enforced when they're going after that person for some other reason or in high profile publicity cases

 

[PatsFan1283]

When he was buying and selling Dean Foods he was moving like 30% of the volume of the stock in a day. No way that isn't going to raise eyebrows with regulators.

It really is 1 of the dumber white collar crime cases for someone so high profile.

http://www.marketwatch.com/story/wh...find-the-dean-foods-insider-trades-2016-05-19

 

[Willie99]

When he was buying and selling Dean Foods he was moving like 30% of the volume of the stock in a day. No way that isn't going to raise eyebrows with regulators.

It really is 1 of the dumber white collar crime cases for someone so high profile.

http://www.marketwatch.com/story/wh...find-the-dean-foods-insider-trades-2016-05-19

maybe he was getting away with it for so long he got lazy

or maybe he liked playing "the game", got a rush out of the risk

 

[C.P.]

who regulates the regulators....


remember...

where there's a will there is a relative.....Shush()*

 

[ML Dog]

When he was buying and selling Dean Foods he was moving like 30% of the volume of the stock in a day. No way that isn't going to raise eyebrows with regulators.

It really is 1 of the dumber white collar crime cases for someone so high profile.

http://www.marketwatch.com/story/wh...find-the-dean-foods-insider-trades-2016-05-19

Yeah. True. The "Execution" for a guy so Sharp was Puzzling. I had no idea though that he was putting it right "out there", like That. Jeez.

 

[Willie99]

who regulates the regulators....


remember...

where there's a will there is a relative.....Shush()*

Bernie Madoff anybody?

Regulators questioned everyone around him and essentially argued "they had to know"

Which of course begs the question, why didn't the regulators know?

 

[Betallsports]

I like how Mickelson didn't get in any big trouble

 

[C.P.]

maybe ...b/c he's the golden goose of the PGA...

replacing Tiger...