Gambler Loses Bid for SCOTUS Look at Insider Trades Leaks Case

The U.S. Supreme Court won’t review a Las Vegas gambler’s insider trading conviction after what he called repeated government leaks of grand jury information to the media.

William T. “Billy” Walters wants his conspiracy, wire fraud, and securities fraud indictments tossed because the years of leaks represent a structural error presumably showing prejudice, he says. The Supreme Court Oct. 7 declined to consider his argument.

The federal investigation of Walters began in 2011, but two years later, “lacking evidence of a crime,” the FBI labeled it dormant. The agent in charge started “strategically leaking secret grand jury information” to reporters ...