Billy Walters, revered sports gambler, charged with insider trading

[SBR Natalie]

Billy Walters, revered sports gambler, charged with insider trading

Revered sports gambler Billy Walters was arrested by the FBI last night in Las Vegas. Walters is facing criminal charges of insider trading for trading activity with Deans Foods in 2012. Walters was previously a chairman for Dean Foods, which is an American food and beverage company specializing in dairy products.

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[jjgold]

He made very little with sportsbetting compared to everything else

[Bluehorseshoe]

Note to self..........Never brag on "60 Minutes".

[kidcudi92]

Mickelson too

[3runhomer]

Phil could be in hot water...better home Billy doesn't start ratting!

[Smoke]

He made very little with sportsbetting compared to everything else

Not true. His money moved the lines.

[Harry N. Lloyd]

BW has been indicted 6 times, never convicted of a crime. He'll beat this one, too.

[3runhomer]

BW has been indicted 6 times, never convicted of a crime. He'll beat this one, too.

Your right...and I would tend to agree...BUT we all would agree that the FBI and Gov are out to get him...and with their resources, I would not bet against them!

[Darkside Magick]

Note to self..........Never brag on "60 Minutes".

[brooks85]

lol I saw this earlier, too funny

[KVB]

I'm innocent I say. And Lefty did no wrong.

BW,

posting from Denmark, inside my 1979 Chevy.

[Dan Kelly]

Billy Walters can not be as smart as I thought, because anyone with a brain would know that it is very easy to catch simple insider trading nowadays - the regulators are alerted to trading anomalies in the markets by their bots almost instantaneously.

BoL

[SBR Natalie]

Billy Walters can not be as smart as I thought, because anyone with a brain would know that it is very easy to catch simple insider trading nowadays - the regulators are alerted to trading anomalies in the markets by their bots almost instantaneously.

BoL

Innocent until proven guilty.

[kidcudi92]

Im just glad that the SEC and regulators are cracking down on these terrible insider traders making a quick buck

God knows they would ever take care of the fukktards who put the world in this shithole of an economy

Keep doin you SEC

[Dan Kelly]

Innocent until proven guilty.

Tell that to Raj Rajaratnam



BoL

[kidcudi92]

Im just glad that the SEC and regulators are cracking down on these terrible insider traders making a quick buck

God knows they would ever take care of the fukktards who put the world in this shithole of an economy

Keep doin you SEC

to cite a recent example, Goldman upgrades TSLA in pre market then later they are the underwriter of a 2 billion $(2,777,901 shares) stock offering

cannot make this shit up

rigged fukking casino

[jjgold]

All crooks
They might get this time

[kidcudi92]

"walters referred to dean foods as the dallas cowboys in conversations"

[scottie2005]

It doesn't look good for Billy. When someone on the Board of Directors of a public company and is a degen gambler and owes you a lot of money, calls you the day before you place huge trades on seven different occasions and they all go your way, tough to explain those away.

[DrunkHorseplayer]

He's a crook and I hope the Feds nail him to the wall.

[kidcudi92]

SELL SELL SELL FUKKING SELL

[Harry N. Lloyd]

Billy W is a world-renowned predictor of markets. He's probably the most influential sports bettor in history. His defense in this case will rest on his skill set. He smelled a deal coming up and analyzed Dean Foods as a bargain, a buy....and it paid off. That's how he makes his living. It may be hard to prove that his investment activity here was illegal.

[TheMoneyShot]

Hey guys... I don't know anything about stocks etc.

Can someone just define what "Inside Trading" means?

[kidcudi92]

Hey guys... I don't know anything about stocks etc.

Can someone just define what "Inside Trading" means?

i am on the board of SBR, SBR is a publicly traded company, I hear SBR is going to be bought for $10 a share - it is currently $4 a share, I tell a friend to buy a large amount of shares out of the blue right before this happens

[SharpAngles]

US Attorney Barha strikes again. MFer has a serious hard on for gamblers

[Auto Donk]

"Hefty" Mickleson made a "hefty" profit on inside info, and sits in the same position that Martha Stewart got time for....

if the gov't wants to, they could put him away with ease.....

paper trail buries the dumbass

[TheMoneyShot]

i am on the board of SBR, SBR is a publicly traded company, I hear SBR is going to be bought for $10 a share - it is currently $4 a share, I tell a friend to buy a large amount of shares out of the blue right before this happens

I see. Thank you.

But how would you track someone down who does this? There must be a lot of people in this world that has valuable information. How come they don't get caught?

[kidcudi92]

I see. Thank you.

But how would you track someone down who does this? There must be a lot of people in this world that has valuable information. How come they don't get caught?

some people are just dumbfukks about it and its blatant

"Insider trading is like pissing in the pool. It sounds dirty, but really isn't that big a deal"

[Optional]

I see. Thank you.

But how would you track someone down who does this? There must be a lot of people in this world that has valuable information. How come they don't get caught?

The same way 'unusual betting patterns' are used to spot match fixing in sports.

[tony_come]

The same way 'unusual betting patterns' are used to spot match fixing in sports.

Very smart. We are watching

[Smoke]

Very smart. We are watching

Toniest be nice.

[tony_come]

Good afternoon smokiest

[Smoke]

Toniest you need some extra bottles and cans?

[Ghenghis Kahn]

so the best sports bettor really isn't a sports bettor?

[Ghenghis Kahn]

Hey guys... I don't know anything about stocks etc.

Can someone just define what "Inside Trading" means?

basically you're getting the info before anyone else to let you know to either short or long...