Former Dean Foods Co. (DF) Chairman Charged With Insider Trading Including Tip That Benefited Golfer Phil Mickelson

U.S. authorities on Thursday charged a former chairman of Dean Foods Co. and a professional Las Vegas gambler with engaging in a years-long insider trading scheme, which included a tip that benefited professional golfer Phil Mickelson.

William "Billy" Walters, who has built a multimillion-dollar fortune as a famed Las Vegas sports bettor, and Thomas Davis, Dean Food's former chairman, were criminally charged in a case brought by federal prosecutors in Manhattan.