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Old 06-08-2016, 10:14 AM   #1
mightytiny
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How does Billy Walters get a year in Jail?

Billy Walters gets a year and Phil Mickelson is still not only walking free but playing PGA events...

Banking officials and lenders that nearly broke our country with their risky ventures keep their profit and no jail time for most


Odd stances that the DOJ takes...for those not familiar with whom Billy Walters is, this is one of his bio/background pieces on Billy

Cant play online poker easy in USA and other persecutions on those who have gambled in their past
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Old 06-08-2016, 08:40 PM   #2
Sabaneta
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Re: How does Billy Walters get a year in Jail?

You are confused.

BW is looking at a lot more than a year in jail.
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Old 06-11-2016, 10:14 PM   #3
SqredII
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Re: How does Billy Walters get a year in Jail?

yeah, he's looking at 20 plus a 9 figure restitution number. This is the big one.
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Old 06-12-2016, 05:41 AM   #4
grumpy64
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Re: How does Billy Walters get a year in Jail?

i think mightytiny's point is a lot of people have done a lot worse then BW and not got a single day in jail
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Old 06-13-2016, 11:13 AM   #5
TomG
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Re: How does Billy Walters get a year in Jail?

lessons for gamblers.

if you gamble for too long, the lines begin to blur and everything looks like just another angle to exploit.

if you associate with desperate people like davis eventually it will cause trouble.
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Old 06-13-2016, 11:33 AM   #6
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Re: How does Billy Walters get a year in Jail?

Quote:
Originally Posted by TomG View Post

if you associate with desperate people like davis eventually it will cause trouble.
Sharp post. Say what you will about Thremp, but he'd do a bid before rolling on a homie. Choose who you work with wisely.
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Old 06-13-2016, 06:40 PM   #7
Mihkel05
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Re: How does Billy Walters get a year in Jail?

Prob a leak.
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Old 06-14-2016, 04:54 PM   #8
The IRS
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Re: How does Billy Walters get a year in Jail?

Until I actually read the indictment I figured he somehow would beat the rap 100% but yeah, he's dead money in a trial. Also, since the feds hate him as a result of their total BS cases in the past, he's getting close to whatever the max is.
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Old 06-14-2016, 05:02 PM   #9
Nitchka'sDad
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Re: How does Billy Walters get a year in Jail?

Quote:
Originally Posted by grumpy64 View Post
i think mightytiny's point is a lot of people have done a lot worse then BW and not got a single day in jail
"Your Honor, I shouldn't have to pay this speeding fine."
"Why... were you speeding?"
"Yes, but a lot of other people were speeding much worse than I was, and they didn't get caught!"
...
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Old 06-14-2016, 05:52 PM   #10
grumpy64
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Re: How does Billy Walters get a year in Jail?

Quote:
Originally Posted by Nitchka'sDad View Post
"Your Honor, I shouldn't have to pay this speeding fine."
"Why... were you speeding?"
"Yes, but a lot of other people were speeding much worse than I was, and they didn't get caught!"
...
well the wallstreet people that damn near bankrupted the economy did get caught we just didn't do anything to them. You're right the guy going 70 in a 60 is still speeding but it's kinda silly when that guy losses his license for a year when the judge just gave some guy that was doing 110 drunk community service. I'm not saying BW shouldn't pay for his crimes i'm saying it's an obvious witch hunt
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Old 06-19-2016, 05:21 AM   #11
frommagio
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Re: How does Billy Walters get a year in Jail?

Quote:
Originally Posted by Nitchka'sDad View Post
"Your Honor, I shouldn't have to pay this speeding fine."
"Why... were you speeding?"
"Yes, but a lot of other people were speeding much worse than I was, and they didn't get caught!"
...
A variation of this argument actually worked once for me ...
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Old 06-24-2016, 01:26 AM   #12
DodgerIrish
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Re: How does Billy Walters get a year in Jail?

keeping up with the flow of traffic is an arguable defense for speeding
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Old 06-24-2016, 02:42 AM   #13
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Re: How does Billy Walters get a year in Jail?

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keeping up with the flow of traffic is an arguable defense for speeding
I tried this once and the cops analogy was "You know how a hunter shoots at a flock of birds? You're the unlucky bird."
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Old 06-24-2016, 11:28 PM   #14
DodgerIrish
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Re: How does Billy Walters get a year in Jail?

you don't argue it to the cop

you can try but that's not really the spot, his quote would actually help you though because that's basically an admission that you're right
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Old 04-07-2017, 03:46 PM   #15
TomG
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Re: How does Billy Walters get a year in Jail?

they got him boys

Walters's Win Streak Ends With Insider-Trading Conviction

rumor is he is delegating authority to michael konik to run the brain trust now in his absence.
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Old 04-07-2017, 05:57 PM   #16
The IRS
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Re: How does Billy Walters get a year in Jail?

What does he get here like 5 years?

Seemed like Phold was guilty also yet got off due to a strange technicality in the law.
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Old 04-07-2017, 09:01 PM   #17
dfb89
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Re: How does Billy Walters get a year in Jail?

I hope he goes on the run. Guys 70 years old n will die in jail. **** it what have to lose


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Old 04-08-2017, 02:33 PM   #18
HolidayInTheSun
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Re: How does Billy Walters get a year in Jail?

I haven't followed this case at all, so excuse the two noob questions.

1. Why didn't Walters just take a few mil and flee the country and live out his days somewhere like Switzerland?

2. Any more details on bolded?

Quote:
The testimony featured golfer Phil Mickelson and billionaire investor Carl Icahn, as well as a seamy world of gambling debts, stock tips delivered on burner phones and charity money used for prostitutes.
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Old 04-08-2017, 07:18 PM   #19
Hammerzitzen
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Re: How does Billy Walters get a year in Jail?

Davis blew money on hookers he was suppose to donate to a charity through Dean Foods.

I just don't get why Walters would make these trades through his own accounts.
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Old 04-09-2017, 11:38 AM   #20
SuperSwag
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Re: How does Billy Walters get a year in Jail?

Yeah me and a friend were discussing that yesterday, why wouldn't he use a friend's account.

Also why in world did Mickelson do something so shady to make a million dollars when he's worth let's assume 300+.
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Old 04-09-2017, 01:36 PM   #21
TomG
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Re: How does Billy Walters get a year in Jail?

+ev to learn golf in order to profit from all the shady clubhouse deals?
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Old 04-10-2017, 12:27 PM   #22
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Re: How does Billy Walters get a year in Jail?

Quote:
Originally Posted by TomG View Post
+ev to learn golf in order to profit from all the shady clubhouse deals?
+1
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Old 04-10-2017, 06:03 PM   #23
The IRS
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Re: How does Billy Walters get a year in Jail?

Maybe because of his 2-0 record I think he honestly thought he could beat the charges (insider trading cases are actually pretty tough to prove and obviously guilty people have been let off in the past) so he decided to gamble instead of fleeing. The problem is that while in all three cases there was no reason for a prosecution other than a money grab by the federal government, he actually appears to have broken the law in this case.

I don't know why he'd trade on his own account in such an obvious manner. Like, if he had traded for only 1 percent of the volume in this stock instead of one third and occasionally threw in a couple intentional losers, he would have never been caught. It's the sort of thing that makes one think he wasn't guilty even though the evidence seems so clear cut. My guess is that his businesses hadn't been doing particularly well and he actually needed the money. The same thing for Phold.
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Old 04-11-2017, 08:42 AM   #24
ApolloApp
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Re: How does Billy Walters get a year in Jail?

No escaping this time

bye bye BILLY
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Old 04-11-2017, 08:49 AM   #25
ApolloApp
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Re: How does Billy Walters get a year in Jail?

No escaping this time

bye bye BILLY
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