Loading ...My bookie aint giving me no tips like this !
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Feds: Mickelson used insider stock tip to pay off gambling debts.
The feds say that Mickelson received a stock tip from a sports bettor named Billy Walters, at a time when Mickelson owed him an unspecified gambling debt.
Walters had ties to Thomas Davis, a director of the Dean Foods Company, and passed on insider information about Dean Foods.
Mickelson swiftly purchased $2.4 million in Dean Foods stock; it went up the next week, allowing him to net a profit of $931,000.”