Prosecutor Urges Insider Trading Conviction Of Pro Gambler
NEW YORK (AP) — A prosecutor has urged a New York jury to find a professional Las Vegas gambler linked to golfer Phil Mickelson guilty of earning tens of millions of dollars illegally in the stock market.
Prosecutor Brooke Cucinella told jurors in closing arguments Wednesday evidence they'd seen over the last three weeks proves the guilt of William "Billy" Walters. Walters has pleaded not guilty.
Prosecutors say trading and phone records back up the testimony of a former Dean Foods Co. board member who said he gave secrets to Walters.
Prosecutors say Walters had urged Mickelson to buy Dean Foods stock. Mickelson was not charged criminally.
The Securities and Exchange Commission accused Mickelson in a civil lawsuit of making nearly $1 million in a 2012 stock trade. Mickelson agreed to repay it.