Gambler Linked To Mickelson Convicted Of Insider Trading

NEW YORK (AP) – A Las Vegas gambler linked to golfer Phil Mickelson has been found guilty of insider trading charges.

The verdict Friday capped a three-week trial in federal court in New York City for William “Billy” Walters.

The 70-year-old sports gambler was convicted by a jury that deliberated over two days.

Mickelson never testified though he had been on a list of prospective witnesses. Sentencing was set for July.

A prosecutor had said Mickelson earned nearly $1 million after Walters told him to buy Dean Foods Co. stock in 2012.

The Securities and Exchange Commission cited Mickelson in a lawsuit and Mickelson agreed to repay it.

Walters was convicted of earning over $40 million illegally.

Mickelson wasn’t charged.

(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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