Mickelson has long been pals with Walters, a skilled amateur golfer in his own right.<\/p>\n
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In 2010, Lefty, as he’s affectionately known on the PGA Tour, made a substantial investment in Dean Foods. Nine days later, the value of Mickelson’s stock in the Dallas-based food and beverage company was worth $931,000 more than it had been less than two weeks earlier.<\/p>\n
When the federal investigation into Walters was first brought by Bharara, Mickelson agreed to forfeit his profits, plus interest. “I have to be responsible for the people I associate with,” Mickelson admitted.<\/p>\n<\/div>\n
Though he’s now a convicted criminal, Walters also wasn’t ready Friday to admit guilt.\u00a0The sports gambler who claims he’s never had a losing year told reporters, “If I would have made a bet I would have lost,” Walters told reporters. “I just did lose the biggest bet of my life. I’m in shock.”<\/p>\n
While Walters brags about his decades-long streak of success at Vegas sportsbooks, the US Justice Department, which wins over 90 percent of the cases it prosecutes, has an even better track record, which may indicate that the DOJ generally ony takes on cases the department knows it can take down.<\/p>\n
Case Closed? <\/b><\/h2>\n
Though Mickelson was not charged with any wrongdoing, it’s no secret that the golfer loves to gamble. He frequently engages his competitors to place side wagers during practice rounds, and some believe even during tournament rounds as well.<\/p>\n
In what couldn’t come at a worse time, sports news siteDeadspin<\/i>has published a leaked voicemail from 2015, clearly\u00a0displaying Mickelson setting up a high-stakes golf match.<\/p>\n
In a call to Charlie Hoffman, who is ironically\u00a0leading the Masters after round one, Mickelson says, “You and I are partnered, wanted to see if you wanted to play . . . and take these guys for some serious cash.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Billy Walters has been found guilty on all 10 charges he was facing in a Manhattan federal courtroom on Friday. A swift-acting jury took little time earlier today to return guilty verdicts on the accusations that the famed sports bettor used insider trading information to make $43 million in the stock market. Considered the most […]<\/p>\n","protected":false},"author":42,"featured_media":48041,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,11,60,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Billy Walters' Win Streak Ends, Famed Sports Bettor Guilty on Insider Trading Counts<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n