Walters's Win Streak Ends With Insider-Trading Conviction

Bloomberg ------- Billy Walters just lost his largest wager ever -- and this time, it’s likely to cost him much more than cash. Widely considered the nation’s most successful sports gambler, Walters was convicted Friday in the highest-profile -- and most colorful -- insider-trading trial in years. Testimony featured golfer Phil Mickelson and billionaire investor Carl Icahn, as well as a seamy world of gambling debts, stock tips delivered on burner phones and charity money used for prostitutes. To get more in depth information click on the picture below to read the article.