Gambling, soliciting prostitutes, ripping down a women’s charity and leaking delicate company information, it’s all just another day at the office, apparently, for the former chairman of America’s biggest milk-processing companies.
William ‘Billy’ Walters leaves a Manhattan federal court. He is alleged to have made $43 million in unlawful stock trades on Dallas-based Dean Foods. He is pleading not guilty.
Tom Davis, the previous president of Dean Foods, of Dallas, continued his testimony in the test of his one-time friend, the legendary gambler Billy Walters, on Wednesday. Walters is accused of making $43 million from illegal trades on Dean Foods’ stock, utilizing privileged information allegedly supplied by Walters.
While the celebrity witness for the prosecution, Davis was asked by US Assistant Attorney Brooke Cucinella to disclose any unsavory information about his history which will later surface within the course of this trial. This is standard training, as it’s preferable that such information is presented to the court up front instead of being wheedled out from the witness later on by way of a defense attorney.
And, boy, did Davis deliver!
$200,000 On One Hand of Blackjack
The court had heard the past day how the nature of Davis’ relationship with Walters changed after the latter loaned him around $1 million. After Davis became indebted to him, Walters’ ask for (more…)