Saturday, 20 December 2014
Last updated 1 day ago
Jun 9 2014 | 9:21am ET
The gambler under investigation as part of an insider-trading probe into Carl Icahn and golfer Phil Mickelson was facing a $15.25 million bill from the Federal Deposit Insurance Corp. at the time of the allegedly illicit deals, court filings show.
Federal authorities are looking into trades made by William Walters and Mickelson, allegedly on tips provided to Walters by Icahn. All three men have denied wrongdoing.
At the time of the alleged trades, in 2011 and 2012, Walters owed as much as $15.25 million to the FDIC. Two companies owned by the gambler bought a Las Vegas golf club in 2006 with a loan from the Community Bank of Nevada, which they defaulted on two years later. Community Bank later failed and was taken over by the FDIC, which then sought payment from Walters, who had personally guaranteed the loan.
Two years ago, Walters was ordered to pay $11.2 million to satisfy the loan, a payment he made, according to the FDIC.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.