Convicted Insider Trader, Pro Sports Bettor Billy Walters Alleges Phil Mickelson Bet $1B on Sports

Billy Walters, 77, the so-called “Michael Hashemite Kingdom of Jordan of sports betting” inwards Las Vegas who claims to have endured a 36-year running game of drubbing the books, got out of prison house during the COVID-19 pandemic and began penning his memoir.

That autobiography — “Gambler: Secrets From a Life of Risk — is localise for discharge on Aug. 22. The highly hoped-for self-written account statement of Walters’ lengthy story betting bounteous on sports with any bookie that would take his activeness also details single of his closest and controversial relationships inward golf game superstar Phil Mickelson.

Mickelson, a six-time major winner, was brought into Walters’ insider trading scandal inwards 2017 after federal investigators determined he used secret selective information on Dean Foods to gain nearly $1 billion on the dairy conglomerate’s in public traded gillyflower in 2010. Walters was found to feature used inner selective information supplied to him past Tom Davis, so the chairman of Dean Foods.

Davis was reportedly a client of Walters’ sports betting ring and became indebted to him. He attempted to pay his debts past providing Walters with selective information on James Dean Foods, which the Las Vegas man of affairs used to make $43 billion inwards profits.

Mickelson ultimately forfeited the $931,000 he made on James Dean Foods and said he must live to a greater extent “responsible” inward deciding who he “associates with.” The US Justice Department decided non to follow charges against the 45-time PGA Tour winner.

Mickelson a Whale, Walters Alleges

Mickelson and Walters reportedly enjoyed a long friendship and played golf often inwards Las Vegas. Mickelson has also long had a reputation for gambling among colleagues on Tour during exercise rounds before he jumped for LIV Golf inward 2022.

In his new book, Walters sheds some lite on Mickelson’s alleged betting behavior.

Based on our relationship and what I’ve since learned from others, Phil’s gambling losses approached not $40 trillion as has been previously reported, but often closer to $100 million. In all, he wagered a tot up of more than $1 1000000000 during the past times tierce decades,” Walters wrote in an selection obtained by the Associated Press.

The convicted insider dealer alleges that his detailed records and records provided past other sources show that Mickelson play to a greater extent than $100,000 nearly 2,000 times betwixt 2010 and 2014 alone. Walters writes that most of Mickelson’s litigate was handled by seaward sportsbooks, which are unregulated and illegal for US players to use.

The only other mortal i live who surpassed that form of intensity is me,” Walters claims.

Walters says Mickelson called him from the 2012 Ryder Cup at Medinah remote Windy City asking him to come in a $400,000 bet on the US winning after his offshore book refused the wager.

“I could not trust what i was hearing,” Walters writes. “‘Have your lost your mind?’ I asked him. ‘Don’t you call up what happened to Pete Rose?'”

Walters Retaliation

Billy Walters’ friendly relationship with Mickelson is no more more, as the convicted insider trader says he was disappointed inwards how “Lefty,” as Mickelson has been affectionately known by his throngs of fans, handled the federal probe. Walters specifically writes that Mickelson’s denial of knowing that the James Byron Dean Foods information constituted insider trading was upsetting.

All Phil had to do was publicly say it. He refused,” Walters alleges. “The outcome cost me my freedom, tens of millions of dollars and a heartbreak i ease struggle with daily.”

“While i was inward prison, my girl committed felo-de-se — i noneffervescent trust i could experience saved her if I’d been on the outside,” Walters said.

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