Carl Icahn Cited in Billy Walters Trial as Prosecution Pushes for Submission of New Evidence

As the insider trading trial of Las Vegas gambler Billy Walters swung into its second week on Monday, Carl Icahn’s name had been once again dragged into procedures.
Presidential adviser Carl Icahn name has once more been brought up in the Billy Walters case. Federal prosecutors desire to introduce proof that Walters spoke to his friend, Icahn, prior to he bought shares in Clorox in 2011.
Icahn, the billionaire activist investor, owner of the Tropicana Casino and two shuttered former Trump casinos in Atlantic City, and unpaid adviser to the President associated with United States, is a pal of Walters’.
This is the biggest insider trading case in years. Walters is accused of creating $43 million from illegal stock market trades on the Dallas-based dairy producer Dean Foods. Former Dean Foods chairman, Tom Davis is accused of feeding privileged information to Walters over a period that is seven-year.
Davis is testifying against his former friend as an ingredient of a plea bargain with federal prosecutors after admitting charges including securities fraud and wire fraud.
Additionally it is alleged that Walters shared insider information, obtained from Davis, along with his friends, including the golfer Phil Mickelson, whose lawyers have actually said would ‘take the fifth’ if he were called as witness.
Questions Around Clorox and Apple Inventory
Neither Mickelson nor Icahn are accused of any