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Las Vegas sports gambler pleads not guilty to insider trading


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By Nate Raymond NEW YORK (Reuters) - A famed Las Vegas sports gambler pleaded not guilty on Wednesday to charges that he engaged in an insider trading scheme that generated more than $40 million and included a tip that benefited star professional golfer Phil Mickelson. William "Billy" Walters, who has built a fortune as one of the most successful sports bettors in the United States, pleaded not guilty in federal court in Manhattan to charges of conspiracy, securities fraud and wire fraud. Walters had been free on a $1 million bond.

 

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