Defense: Case against gambler fails because witness lied

New York • A lawyer for a Las Vegas gambler linked to golfer Phil Mickelson told jurors Thursday to acquit his client of insider trading charges, saying the prosecution hangs on the lies of the government’s main witness. William “Billy” Walters should be acquitted because he never cheated when he earned over $40 million through well-timed trades of the stock of the Dallas-based Dean Foods Co., attorney Barry Berke said. A prosecutor a day earlier had urged conviction, saying documents including ...

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