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 previous chairman of America’s biggest milk-processing companies.
William ‘Billy’ Walters leaves a Manhattan federal court. He is alleged to own made $43 million in unlawful stock trades on Dallas-based Dean Foods. He is pleading simple.
Tom Davis, the previous chairman of Dean Foods, of Dallas, continued their testimony in the trial of his one-time buddy, the gambler that is legendary Walters, on Wednesday. Walters is accused of making $43 million from illegal trades on Dean Foods’ stock, making use of information that is privileged given by Walters.
Since the star witness for the prosecution, Davis was expected by US Assistant Attorney Brooke Cucinella to disclose any unsavory information about his history that will later surface within the course of the trial. This is standard practice, as it’s preferable that such info is presented to the court at the start instead of being wheedled out from the witness later by a defense attorney.
And, boy, did Davis deliver!
$200,000 On One Hand of Blackjack
The court had heard the previous 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’ obtain information became ‘more Mehr lesen