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Old 05-19-2016, 05:56 PM   #1
MPRanger
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Big Daddy Busted Again

http://www.reviewjournal.com/crime/f...trading-scheme

The feds would love to take Billy Walters down.
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Old 05-19-2016, 07:14 PM   #2
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For the rich, the rules are different

Looks like Phil Michelson gave back almost a $1M to stay out of prison in this case.

http://www.bloomberg.com/news/articl...-case-ioecyxd0

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The three-time Masters Champion made almost $1 million from the 2012 trading, according to a complaint Thursday by the U.S. Securities and Exchange Commission. The SEC termed him a “relief defendant.” That means Mickelson wasn’t accused of wrongdoing, but was named in the complaint to recover his profits.
http://www.bloomberg.com/news/articl...nsider-trading

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Until the Supreme Court clarifies insider trading law, the public will be left to ponder why some skate free and others don't.
I guess Martha Stewart could have stayed out of prison if she'd been a card-carrrying member of the LPGA....
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Old 05-19-2016, 07:28 PM   #3
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Martha went to prison for lying, not insider trading.
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Old 05-21-2016, 12:08 PM   #4
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Update

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Originally Posted by MPRanger
http://www.reviewjournal.com/crime/f...trading-scheme

The feds would love to take Billy Walters down.
http://www.reviewjournal.com/crime/f...trading-scheme
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Old 05-21-2016, 12:22 PM   #5
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With the CEO of Dean Foods on one end of the transaction and Phil the friend on the other end of the transaction, the Feds have Walters in a real squeeze play. I don't think he escapes this one, as it appears they are both singing loud and clear on this one.
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Old 05-21-2016, 03:28 PM   #6
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Quote:
Originally Posted by tucker6
With the CEO of Dean Foods on one end of the transaction and Phil the friend on the other end of the transaction, the Feds have Walters in a real squeeze play. I don't think he escapes this one, as it appears they are both singing loud and clear on this one.

Hopefully it was all just a matter of interpretation.
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