As the insider trading trial of Las Vegas gambler Billy Walters swung into its week that is second on, Carl Icahn’s name was once more dragged into procedures.
Presidential adviser Carl Icahn name has once more been brought up in the Billy Walters case. Federal prosecutors wish to introduce proof that Walters spoke to his friend, Icahn, just before he bought stocks in Clorox in 2011.
Icahn, the billionaire activist investor, owner of the Tropicana Casino and two shuttered former Trump gambling enterprises in Atlantic City, and unpaid adviser to the President of this United States, is a buddy of Walters’.
This is the insider trading case that is biggest in years. Walters is accused of creating $43 million from illegal stock exchange trades on the dairy that is dallas-based Dean Foods. Former Dean Foods chairman, Tom Davis is accused of feeding privileged information to Walters over a seven-year period.
Davis is testifying against his former friend as an ingredient of a plea bargain with federal prosecutors after admitting charges including securities fraud and wire fraud.
Additionally it is alleged that Walters shared insider information, acquired from Davis, together with his friends, including the golfer Phil Mickelson, whoever attorneys have said would ‘take the 5th’ if he were called as witness.
Concerns Around Clorox and Apple Inventory
Neither Mickelson nor Icahn are accused of Continue reading “Carl Icahn Cited in Billy Walters Trial as Prosecution Pushes for Submission of the latest proof”