The Gambler, Golfer, Chairman: A Web of Debt and Inside Tips
- Dean Foods’ former chairman pleads guilty as gambler indicted
- Mickelson denies wrongdoing, agrees to repay nearly $1 million
Gambler Charged in Insider Scheme: What Happens Next?
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The tips came to Billy Walters, the Las Vegas high-roller, by prepaid burner phones and during lunch meetings. From there some were fed to Phil Mickelson, one of the world’s most beloved golfers. The code word at the center of the scheme: “Dallas Cowboys.”
What began with a friendship forged over gambling, golf and business turned into a six-year insider-trading plot involving two men who owed money to Walters -- former Dean Foods Co. chairman Tom C. Davis and Mickelson, federal authorities said Thursday.