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