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 worlds 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.
On Thursday, they laid out this tale of corporate intrigue, gambling debts and ham-handed cover-ups. The scheme was brazen. Davis engaged in the sort of old-fashioned insider trading dance — between a tipper and ti…
Read the full article at: http://www.bloomberg.com/news/articles/2016-05-19/the-gambler-golfer-and-chairman-a-web-of-debt-and-insider-tips