May

Insider Trading Case Links Golfer, Banker and Gambler

Phil Mickelson has five major golf championships and countless endorsement deals. Thomas C. Davis, a former investment banker, has a Harvard pedigree and a country club lifestyle.

They also had a secret.

Both men owed money to William T. Walters, a high-rolling Las Vegas kingmaker, often considered the most successful sports bettor in the country.

Now, federal authorities say those debts were at the center of a long-running insider trading scheme…

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Insider Trading Case Links Golfer, Banker and Gambler

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