Jury Convicts Gambler Tied to Dean Foods Ex-boss, Golfer Phil Mickelson

Billy Walters just lost his largest wager ever -- and this time, it's likely to cost him much more than cash.Widely considered the nation's most successful sports gambler, Walters was convicted Friday in the highest-profile -- and most colorful -- insider-trading trial in years. Testimony featured golfer Phil Mickelson and billionaire investor Carl Icahn, as well as a seamy world of gambling debts, stock tips delivered on burner phones and charity money used for prostitutes."If I would have made a bet I would have lost," Walters told reporters as he left court. "I just did lose the biggest bet of my life. Frankly I'm in shock.""To say I was surprised would be the biggest understatement of my life," he added.The verdict was delivered as Mickelson started second-round play at The Masters in Augusta, Georgia.  Continue reading...

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