Las Vegas gambler linked to golfer Phil Mickelson gets five years in prison for insider trading | SPIN.ph

A Las Vegas gambler linked to golfer Phil Mickelson was sentenced Thursday (Friday, Manila time) to five years in prison by a judge who said the businessman collected tens of millions of dollars illegally in the stock market to seem like “a winner” to himself and others.

U.S. District Judge P. Kevin Castel rejected the recommendation of probation officials and a lawyer for William “Billy” Walters that he serve only a year in prison, but still imposed a sentence less than the minimum of eight years called for by federal sentencing guidelines. He also fined him $10 million.

via Las Vegas gambler linked to golfer Phil Mickelson gets five years in prison for insider trading | AP