Gambler tied to US golfer Phil Mickelson gets five years in prison
A Las Vegas gambler linked to golfer Phil Mickelson has been sentenced to five years in prison for his federal conviction on insider trading charges.
William "Billy" Walters was sentenced in New York by Judge P Kevin Castel. Walters smiled after the sentencing, hugged his wife and friends but declined to comment.
The 71-year-old owner of auto dealerships, car rental agencies and golf courses was convicted in April in Manhattan federal court of making more than 40 million US dollars illegally trading the stock of Dallas-based Dean Foods.
Prosecutors relied in part on evidence from former Dean Foods board chairman Thomas Davis to win a conviction. Mr Mickelson did not give evidence at the trial.
The government said Mr Mickelson earned nearly 1 million dollars after Walters told him to buy Dean Foods stock in 2012.