Billy Walters may be going to prison...

**RangeFinder** · 03-23-17, 04:58 PM

I think he goes down in this case. They have a witness who I think the jury will find credible. He's sweating bullets. Then they still might call Phil Mikelson to the stand, who I know will bury Billy. He's in a bad spot.

**jjgold** · 03-23-17, 05:25 PM

His luck might be running out

Greed

**Philmill** · 03-23-17, 06:26 PM

Insider trading is very hard to prove these days....If that's what there trying to bang him on...

Feds trying to get him to take a deal ....like always in most all cases

**sweethook** · 03-24-17, 10:47 AM

its so hard to put big money in jail . you never know

**jjgold** · 03-24-17, 11:09 AM

I still say he beats it

A lot of holes in story and key witness is a punk

**Mac4Lyfe** · 04-07-17, 01:23 PM

Walters just found guilty on all 10 charges...

**jjgold** · 04-07-17, 01:32 PM

Looks like his career is over

I tell everyone don't make money your God or you will pay

**Foxx** · 04-07-17, 02:18 PM

Ouch. That sucks for him. Insider trading is only ok when the banks and big institutions do it. It's not for the everyday man.

**PaperTrail07** · 04-07-17, 02:19 PM

Wall St is built on BS and insider trading...sorry he sniffed the top

**jjgold** · 04-07-17, 02:33 PM

He might now go to jail

**19th Hole** · 04-07-17, 02:34 PM

What are the odds on the length of time??

**Philmill** · 04-07-17, 02:45 PM

they give him over 6 years he won't start out in a Fed Camp

he will be behind a fence in a Fed FCI

**Mac4Lyfe** · 04-07-17, 02:57 PM

Originally posted by 19th Hole

What are the odds on the length of time??

Unless he does a Michael Milken move and pays up a shit load of money, he is most likely will die in prison.

Bloomberg - Are you a robot?

https://www.bloomberg.com/news/articles/2017-04-07/billy-walters-win-streak-ends-with-insider-trading-conviction

Billy Walters made a fortune wagering on sports. He wasn’t as good betting on an insider-trading jury.
Walters was convicted Friday in the highest-profile -- and most colorful -- insider-trading trial in years. Testimony featured golfer Phil Mickelson and billionaire investor Carl Icahn, as well as a seamy world of gambling debts, stock tips delivered on burner phones and charity money used for prostitutes.
"If I would have made a bet, I would have lost," Walters told reporters as he left court. "I just did lose the biggest bet of my life. Frankly I’m in shock."
"To say I was surprised would be the biggest understatement of my life," he added.
The verdict was delivered as Mickelson started second-round play at the Masters -- the first major professional golf tournament of the year -- in Augusta, Georgia.
Walters had bragged that he never had a losing year in his career wagering on football and basketball. But he faced the longest of odds in taking on the Justice Department, which wins almost 95 percent of its cases.
Now -- after a four-week trial -- the 70-year-old Las Vegas gambler faces a lengthy prison term. The maximum sentence on the most serious charge is 20 years. The jury found him guilty of all 10 counts of fraud and conspiracy after about 5 1/2 hours of deliberations.
“Billy Walters lost his bet that he could cheat the securities market on a massive scale,” acting Manhattan U.S. Attorney, Joon H. Kim, said in a statement. “Walters underestimated law enforcement’s resolve to pursue and catch those who cheat the market.”

**jjgold** · 04-07-17, 03:46 PM

Greed did him in

never enough money

His whole life got easy money and finally caught up with him

**19th Hole** · 04-07-17, 04:04 PM

Originally posted by jjgold

Greed did him innever enough moneyHis whole life got easy money and finally caught up with him

Unauthorized 25k loan from Uncle...What's the situation?
Get on a burner JJ!!

**reigle9** · 04-07-17, 04:18 PM

was shocking until the last line

“Billy Walters lost his bet that he could cheat the securities market on a massive scale,” acting Manhattan U.S. Attorney, Joon H. Kim, said in a statement. “Walters underestimated law enforcement’s resolve to pursue and catch those who cheat the market.”

**reigle9** · 04-07-17, 04:20 PM

just some jerkoff with a little dick trying to make his career, like walters did with everyone his life

it's all the same thing, only the chink that made the statement is worse cause he had to make his name with the entire us government backing him up...pussy

**jjgold** · 04-07-17, 04:22 PM

He is done

Most of illegal Activity caught up With him

**reigle9** · 04-07-17, 04:23 PM

no overly rich person is ever done

they'll be years of appeals while he buys an island

**Philmill** · 04-07-17, 04:51 PM

never fight the feds..... he should have took a deal and did 2 years or something like that

but no he gambled...

now he has to pay with his life.... he will die in prison..... VERY SAD...

**d2bets** · 04-07-17, 04:51 PM

Originally posted by reigle9

no overly rich person is ever done

they'll be years of appeals while he buys an island

Sentencing July 14. He'll be in prison during appeals. Only way he beats it is he tries to escape.

Did he really think he was going to skate federal charges? If so, not as good of a handicapper as he thinks he is.

**Harry N. Lloyd** · 04-07-17, 05:07 PM

Bummer. I was a big fan of Billy's. Played golf with him once and really enjoyed him. Straight out of Central Casting.

**jjgold** · 04-07-17, 05:12 PM

Harry you like crooks??

Cheated so many people in Vegas too

He was a terrible guy

**Thor4140** · 04-07-17, 05:25 PM

Originally posted by reigle9

just some jerkoff with a little dick trying to make his career, like walters did with everyone his life

it's all the same thing, only the chink that made the statement is worse cause he had to make his name with the entire us government backing him up...pussy

Typical republican mad at a crook getting nailed and having some of his money taken away. Now go to church and cleanse yourself ya piece of shit.

**jjgold** · 04-07-17, 06:36 PM

Vegas celebrating he is goin away

**big joe 1212** · 04-07-17, 06:46 PM

Originally posted by jjgold

He might now go to jail

**DroopyDog** · 04-07-17, 07:12 PM

Can't believe Chuck Rhodes did this to him. Must still be steaming about not being able to nail Bobby Axlerod

**RangeFinder** · 04-07-17, 07:41 PM

I figured this was going to be his last stand. Feds have been after him since the early 90's and they weren't going to quit until they got him. Don't ever mess with the feds, they will chase you until your dying day if they have to.

**RangeFinder** · 04-07-17, 07:54 PM

I'm wondering if the feds can seize his property and assets?

**lonegambler23** · 04-07-17, 08:11 PM

mickelson should be next

**xKMACKx** · 04-07-17, 08:57 PM

Well, the feds can seize Bai Hali now and sell it to the Raiders.

**Philmill** · 04-07-17, 09:07 PM

Originally posted by lonegambler23

mickelson should be next

Mickelson got off by rolling on Billy

Maybe Billy will do some strong arm from the big house.....since he gambled the feds

witnesses would keep there mouth shut

**BuckyOne** · 04-07-17, 11:12 PM

Originally posted by RangeFinder

I'm wondering if the feds can seize his property and assets?

Excellent question!

**jjgold** · 04-08-17, 06:19 AM

Phil got off

Lucky break...he has always been lucky

**PatrickSarni** · 04-08-17, 07:55 AM

Can you imagine how much gambling would take place if place Billy Walters and Adam Meyer in the same Federal Prison? Those two would bet on ant races.