Gambling, soliciting prostitutes, ripping off a ladies’ charity and leaking painful and sensitive company information, it’s all just another day at the office, evidently, for the previous chairman of America’s biggest milk-processing companies.
William ‘Billy’ Walters leaves a Manhattan court that is federal. He is alleged to possess made $43 million in illegal stock trades on Dallas-based Dean Foods. He is pleading not guilty.
Tom Davis, the former chairman of Dean Foods, of Dallas, continued his testimony in the trial of his one-time friend, the gambler that is legendary Walters, on Wednesday. Walters is accused of making $43 million from illegal trades on Dean Foods’ stock, making use of information that is privileged furnished by Walters.
As the star witness for the prosecution, Davis was asked by United States Assistant Attorney Brooke Cucinella to disclose any unsavory factual statements about his history which could later surface throughout the course for the trial. This is standard practice, as it’s preferable that such info is presented to the court up front rather than being wheedled out of the witness later on by way of a defense attorney.
And, kid, did Davis deliver!
$200,000 On One Hand of Blackjack
The court had heard the past day how the nature of Davis’ relationship with Walters changed after the latter loaned him around $1 million. After Davis became indebted t Continue reading