Billy Walters is a residing legend in Las Vegas. In a city recognized for organized crime, misplaced fortunes and crushed hopes, Walters thrived as a gambler, entrepreneur and philanthropist. In August 2023, Walters’ e-book “Gambler: Secrets and techniques from a Life at Danger” is about to be publish by Avid Reader Press, an imprint of Simon & Schuster. The e-book guarantees to disclose his secrets and techniques of his success and his personal struggles in life. Walters collaborated on the e-book with award-winning journalist Armen Keteyian, Keteyian co-authored a e-book on golf legend Tiger Woods’ rise and dramatic fall in 2009.
From humble beginnings in Kentucky, Walters made his solution to Las Vegas within the Nineteen Eighties. I sat down with him in Las Vegas final fall to debate his work with the Billy Walters Center for Second Chances, a part of a non-profit group in Las Vegas that gives alternatives for these exiting jail. Walters spoke of the significance of a having sources for these returning to society after years in jail. He had a entrance row view of the challenges folks face when he too was sentenced to jail on insider buying and selling expenses. “Folks want a hand getting again on their ft,” Walters stated, “and I needed to be part of that answer.”
We additionally spoke about his upcoming e-book and I requested about his insider buying and selling case and whether or not it might be included. “I’ve by no means shied away from talking about issues I be taught from experiences,” Walters stated,”however there’s rather more the general public must learn about my case and the way Preet Bharara went after me as he did so many others. He didn’t play honest.” Bharara was the previous US Lawyer for the Southern District of New York who rose to fame when he prosecuted over 150 Wall Avenue instances on insider buying and selling.
In Walters’ insider buying and selling case, skilled golfer Phil Mickelson was additionally implicated in making well timed purchases of publicly traded shares however by no means criminally charged. As a substitute, Mickelson settled civil expenses paying thousands and thousands in fines and curiosity and later refused to testify in Walters’ trial. As as to whether his relationship with Mickelson can be coated in his e-book Walters stated, “I can guarantee you it’ll come out and there shall be particulars you’ve by no means seen earlier than.’’
In January 2021, President Donald Trump commuted Walters’ jail sentence of 5 years for insider buying and selling. The White Home assertion concerning the commutation was that Walters had “served practically 4 years of his jail sentence and paid $44 million in fines, forfeitures, and restitution.” Whereas Walters might have achieved some closure on his case and put jail behind him, he nonetheless had a priority over how his case was prosecuted. An FBI agent was discovered to have leaked grand jury data to the Wall Avenue Journal and New York Occasions
In October 2020, Walters requested a federal choose to maneuver his civil case forward and hoped that legislation enforcement brokers and prosecutors can be held accountable. In October 2021, the case was dismissed for procedural causes however count on ‘Gambler’ to current some new data from his civil case in opposition to Bharara.