US gambler will not go scot free in insider trading appeal

A federal appeals court on Tuesday rejected a bid by famed Las Vegas sports gambler William “Billy” Walters on Tuesday to remain free while he appeals his conviction and five-year prison sentence for insider trading.

The U.S. Court of Appeals for the 2nd Circuit in Manhattan denied Walters’ motion to remain free on bail during his appeal only hours after hearing arguments. Walters has been ordered by U.S. District Judge Kevin Castel to surrender on Oct. 10.

via US gambler will not go scot free in insider trading appeal