Federal prosecutors broke down a series of stock trades by Phil Mickelson in 2012 and identified an alleged $1.9 million debt related to sports gambling during the high-profile trial of Las Vegas businessman and renowned gambler William “Billy” Walters.
According to transcripts of Thursday’s proceedings, the prosecution told the court that an independent business management firm, if called to testify, would say Mickelson was a client and that “records show that in July 2012 Mickelson owed a debt to William T. Walters, the defendant, related to sports gambling.” The prosecution added that on Sept. 19, 2012, Mickelson “transferred $1,950,000” to Walters.
Walters is widely considered the most successful American sports betto…
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