Why Wasn't Phil Mickelson Charged With Insider Trading?
It's another sign of the shifting landscape of insider trading law.
Gambler Charged in Insider Scheme: What Happens Next?
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At a press conference Thursday in which Manhattan U.S. Attorney Preet Bharara unveiled details of an insider trading case against sports gambler William "Billy" Walters, a reporter wanted to know why exactly the most famous person connected to case had been left out of the prosecution. "Doesn't it undermine confidence in the markets," the reporter asked, "to not charge the celebrity defendant and not explain why you are not charging the celebrity?"
A flash of irritation could be detected on Bharara's face.