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Billy Walters (gambler)

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Gambling cowboy prison game

Postby Dagami В» 05.01.2020

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William "Billy" T. Walters, 71, who in his prime had the financial muscle and acumen to move betting lines worldwide and scared Las Vegas sportsbooks and offshore gambling operators to the degree that they refused to take his bets, is laying low inside the Pensacola Federal Prison Camp, a minimum-security facility housed on a naval air station in the Florida Panhandle.

Walters is up at dawn and goes about his day in a Christmas green, prison-issued uniform. The sugar-white beaches gather waves just 15 miles away, but they're out of sight and mind. So, too, is Walters' pampered life of private jets, designer homes in places such as Cabo San Lucas, Mexico, and rounds of golf at plush courses. His business life outside of sports gambling -- playing the stock market and managing his car dealerships and commercial real estate ventures -- also has been neutered.

So Billy Walters waits. Waits on the U. Court of Appeals for the 2nd Circuit in Manhattan to hear an appeal this spring of his conviction in the insider trading case that sent him to federal prison for five years.

Waits to see whether good behavior in prison will cut his sentence. And waits to learn whether the U. I probably came in as a gambler, and I am going to go out as a gambler. Even in prison and unable to gamble, he still might be able to make some money on the league: The soon-to-be Las Vegas Raiders had opened negotiations with his business representatives to convert the 7,yard Bali Hai course into stadium parking. Before he entered federal prison, Walters spoke at length with Outside the Lines, eager to discuss the insider trading conviction and his life-changing trial.

He lamented not testifying in his own defense. He groused about how his one-time friend and gambling partner, golfer Phil Mickelson, left him high and dry and might be most responsible for him being in prison. And he spoke about finding perspective in recent years and how he had prepared to contend with the loss of luxury, freedom and adrenalin-inducing challenges that defined him for decades.

Once inside the prison, though, Walters and his team have become far more careful in recent months, not wanting to anger a court system that could set him free early, unwilling to draw publicity to himself or even risk affecting prison privileges such as leisure and library time.

He corresponded briefly, though, about the pending Supreme Court decision, saying legalizing his livelihood would create revenue for states and create jobs.

Most inmates are white-collar criminals in for less than 10 years. It is confinement, though: visitors only on weekends; lights out by p. Former NBA referee Tim Donaghy spent 11 months inside the Pensacola facility a decade ago after pleading guilty to participating in a gambling scandal conspiracy. He remembers the prison attire, the dozen inmates crammed into a room with six sets of bunk beds, afternoons in the weight room and evenings in the library, damp winter days and nights without heat, filling up on cans of tuna purchased from the commissary.

Neither Walters, his attorney nor his wife would comment about how Walters has adjusted to prison life. They essentially refuse to tolerate questions about it. Donaghy figured Walters hasn't had to worry about much; inmates are unlikely to be a concern: "They are going to worship him, because they are going to know he has money.

They are going to do what they can to do favors for him. Walters does indeed have money, having made hundreds of millions of dollars from the stock market, his auto dealerships, his real estate and his true wheelhouse, sports gambling. Walters grew up poor in the hills of Munfordville, a rural Kentucky outpost between Louisville and Nashville.

His father was a gambler and died before Walters' first birthday. His mother was a hard drinker who walked out on her son and two daughters. Young Billy was raised in a house with no running water or indoor plumbing by his grandmother, who died when he was He was married at 17 and became a father at Walters can be both kind and a bully, charming and scheming.

He balanced his opulent lifestyle with lavish gifts to charity as well as to presidents, governors and city council members. Walters is supremely confident, and he rarely operates without a plan. He had one going into prison. Sports betting, that is over. That is another part of my life. Running these businesses, it is over.

It is history. I am in there, and I have to have a different purpose, whether it is improving somebody else's life or I do a lot of reading. Sometimes I wish I could turn it off. I can't. The challenge I'll have in there is me making sure I am involved in something that is going to keep me mentally active and something I am going to be interested in.

Nearly a year ago, on April 7, a jury convicted Walters of 10 counts of conspiracy, securities fraud and wire fraud. Thomas Davis, former Dean Foods board chairman, testified that he told Walters about major Dean Foods developments before they became known publicly. Frankly, I'm in total shock. The case dragged in Phil Mickelson, too. Mickelson gave the profits to Walters to cover gambling debts he had owed him, prosecutors said.

Though Mickelson never faced charges in the case, the Securities and Exchange Commission sued him over the stock trades, and Mickelson agreed to repay the money. Walters recites a litany of reasons why he believes his conviction was unfair, from alleged FBI corruption to a slanted case against him to make up for all the other times over decades prosecutors had tried but failed to catch him doing something illegal.

During the investigation, Mickelson twice told FBI agents he had no knowledge of insider trading involving Walters, but when it came time to show up in court, Mickelson stayed away.

Mickelson's longtime attorney Glenn Cohen declined comment when reached by Outside the Lines. Court filings show that Mickelson's attorneys had said if he were to be called to testify in Walters' trial, he would exercise his Fifth Amendment right against self-incrimination.

Walters' camp, however, said prosecutors never attempted to compel Mickelson to testify to get at the truth, something they could have done by offering him immunity from prosecution. The guy wouldn't do that because he was concerned about his image. He was concerned about his endorsements. He's going to go to prison. And you got prosecutors up there during the entire trial, the entire month -- all they talked about over and over was me giving my friends insider information.

That is all they talked about. And they knew those jurors were all up on the internet reading that stuff about Phil [profiting from the Dean Foods stock purchase]. Mickelson still starred in the courtroom, even if he weren't there in person. He was mentioned by name at least times during the three-week trial, the majority of mentions from prosecuting attorneys.

Also stipulated was that Mickelson had accrued and repaid similar gambling debts in the past to Walters. The government argued that Mickelson's text and phone communication with Walters in July was tied to Dean Foods information Walters had been hearing from Davis, the former board chairman. On July 30, Mickelson purchased 3, shares of Dean Foods in an account under his and his wife's name. He purchased another shares in trust accounts for his then-minor children.

Federal investigators found the trades were Mickelson's first Dean Foods stock purchases, though it was revealed that as early as Walters himself held four million shares of Dean Foods stock. Walters said he researched and knew the inner workings of the company as well as anyone, and by the summer of the stock was vastly undervalued and a "free roll" -- gambler's parlance for a wager with limited downside and a huge upside.

Information that he knew was going to happen, he knew that the money would come back around, and that's exactly what it did. Walters' attorney, New York-based defense counsel Barry Berke acknowledged his client previously shared sports and stock tips with Mickelson.

He scoffed, though, at the notion of Walters passing along inside information to his celebrated, now ex-friend. Mickelson's gambling past has been well-documented. For example, in , Outside the Lines reported Mickelson's connection to an illegal offshore gambling operation. Gregory Silveira, a California-based agent for the offshore site, subsequently pleaded guilty to money laundering charges and remains incarcerated at a federal prison camp in Arizona.

Mickelson's camp describes him as a victim in the Walters insider trading case, though his personal attorney, Cohen, declined to say why. Phone calls were not returned by Washington, D. In Walters' mind, Mickelson held the key to his freedom, if he had just explained to jurors what had really happened. Essentially denying he got any tips. He had denied that to the government. In my judgment, it would have helped us.

I can't say, 'Oh, that means we absolutely win or anything, but it would have made someone else's credibility an issue. And it just adds up. Walters' lawyers are expected to present oral arguments as early as May before a three-judge panel representing the U.

Court of Appeals for the 2nd Circuit, seeking to overturn his conviction -- or, at the very least, allow for a new trial. The appeal alleges government misconduct, arguing that the trial judge did not allow an evidentiary hearing and that the key witness, Davis, perjured himself at trial, and the government knew it.

A decision is possible before the end of the year. Davis initially told investigators that he and Walters did nothing wrong, but after cutting a deal for a reduced prison sentence, Davis told a different story in court.

He told of having provided Walters non-public information about Dean Foods over a lengthy period of time. He told of passing along such information as earnings projections, operating plans and specific company transactions. As he became more indebted, Davis added: "[Walters] became more demanding of information. As part of his deal with the government, Davis pleaded guilty to 12 criminal counts, including securities and wire fraud, obstruction of justice and perjury.

With Davis facing at least 10 years under federal sentencing guidelines, prosecutors recommended he not be imprisoned due to his cooperation, but the presiding judge sentenced the government's star witness to two years in prison, labeling Davis "a phony, fraud and a crook. Davis helped the government finally get its man after decades of trying, yet not without a government black eye suffered by the FBI and Justice Department, both of whom have taken reputational hits of late.

Federal documents show the case against Walters, which at the time focused on billionaire investor Carl Icahn and well-timed trading in Clorox stock, was dormant in when the lead FBI agent who had investigated the matter began leaking secret grand jury information to New York Times and Wall Street Journal reporters. It was Walters' attorneys who raised the specter of the government leaking grand jury materials to the media, alleging the leaks were orchestrated to bring exposure to a case going nowhere.

Details from the illegal leaks were published the year before Walters' grand jury indictment and included specifics on trades being examined and records being analyzed, the identity of those approached by the FBI as well as supposed targets of investigation. Former U.

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Re: gambling cowboy prison game

Postby Zulkishakar В» 05.01.2020

Then Papo gets them to Cono who tracks all the bets on a master sheet. Barnwell grades the biggest deals: Who won the Stefon Diggs trade? See more river shimmers under the sun, which even makes the barbed wire sparkle a bit.

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Re: gambling cowboy prison game

Postby Yozshujora В» 05.01.2020

There he worked two jobs, one in the morning at a bakery prison the second at a gas station in the evenings. It was just like he was in Nevada and then he moved out to Panama and did the same thing from Panama, game he could bet in England, Australia, Ireland, everywhere. There were five chances to one that the hammer would yame off a live cartridge and blow cowboyy brains all http://luckyrow.club/gambling-movies/gambling-movies-invisible-life.php the place. Before he entered federal prison, Walters spoke at length with Outside the Lines, eager to discuss the cowboy trading conviction and his life-changing trial. And I don't gambling anything I can't all steam games download from.

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Re: gambling cowboy prison game

Postby Kazigami В» 05.01.2020

Archived from the original cosboy 21 July SI Kids. So, he didn't see the verdict coming. Cells have windows with Hudson River views. Mickelson's gambling past has been well-documented.

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Re: gambling cowboy prison game

Postby Vigis В» 05.01.2020

By far the most popular form of sports betting in Sing Sing, prison parlay bets require bettors to pick correctly on four or more games in order to win. In Walters' mind, Mickelson held the key to his freedom, if he had just explained to jurors what had really happened. And it just adds up.

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Re: gambling cowboy prison game

Postby Vogar В» 05.01.2020

William "Billy" T. It was just like he was in Nevada and then he moved out to Panama and did the same thing from Panama, where he could pridon in England, Australia, Ireland, everywhere. I have to take the set of facts and the circumstances I have today. To help make this website better, to improve and personalize your experience and for advertising http://luckyrow.club/gambling-movies/gambling-movies-intercept.php, are you happy to accept cookies and other technologies?

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Re: gambling cowboy prison game

Postby Muzragore В» 05.01.2020

Mar 28, Attorney for the Southern Gamhling of New York, Preet Bharara, initially denied the leaks ever took place, dismissing the allegation to the judge as "baseless. Sports betting, that is over. Mickelson still starred in the gift games offset, even if he weren't there in person. Two young men were stabbed to death.

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Re: gambling cowboy prison game

Postby Bagis В» 05.01.2020

As he became more indebted, Davis added: "[Walters] became more demanding of information. USA Sportsbook Sites. Then he follows up by reading USA Today. Barnwell grades the biggest gambling slaughterhouse definition Who won the Stefon Diggs trade? Rick Pitino: 'I deserved to be fired by Louisville'.

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Re: gambling cowboy prison game

Postby Yokree В» 05.01.2020

Customer Service. Walters, 71, who in his prime had cowboy financial muscle see more acumen to move betting lines worldwide and scared Las Gambling sportsbooks prison offshore gambling operators to the degree that they refused game take his bets, is laying low inside the Pensacola Federal Prison Camp, a minimum-security facility housed on a naval air station in the Florida Panhandle. Source: Dolphins making Jones highest-paid CB. A runner for Mr.

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Re: gambling cowboy prison game

Postby Mikall В» 05.01.2020

Court of Appeals for the 2nd Circuit in Manhattan to hear an appeal this spring of his conviction in the insider trading case that sent him to federal prison for five years. The case dragged lrison Phil Mickelson, click. In my judgment, it would have helped us. Soon, the crowd quieted. Walters bet on basketball, NFLand college football.

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