Mickelson to return profits from Dean Foods insider trading scheme

May 19, 2016 4:43 PM

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The former chairman of Dallas-based Dean Foods, Tom C. Davis, and secretive Las Vegas gambler William “Billy” Walters were charged in an insider-trading scheme that also ensnared pro golfer Phil Mickelson.

Federal prosecutors say Davis and Walters communicated with prepaid cell phones and used code words to hide their crimes. In a conspiracy played out over six years, Walters told Davis to use “Dallas Cowboys” to refer to Dean Foods on the phone he was given. As investigators closed in on the pair, Da...

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