Phil Mickelson Will Repay Gains From Dean Foods Trades

The transcript discusses a case of insider trading involving golf buddies Walters, Davis, and Mickelson. Walters and Davis engaged in a systematic scheme using insider information for financial gain. Mickelson, although not charged, was involved as a relief defendant. Davis pled guilty, while Walters is fighting the charges. The case highlights the use of prepaid phones and code words to execute trades based on non-public information.

What was the common interest that connected Walters, Davis, and Mickelson?

• They were all part of a book club.

• They were neighbors in the same apartment complex.

• They worked at the same company.

• They shared a passion for golf and gambling.

How was the insider trading scheme described by the US Attorney?

• An accidental leak of information.

• A systematic and organized operation.

• A one-time mistake.

• A minor misunderstanding.

What is the role of a 'relief defendant' in legal terms?

• A person who is the main defendant in the case.

• A person who is charged with a crime.

• A person who is not charged but agrees to return profits.

• A person who is a witness in the case.

What action did Davis take to try to cover up his involvement?

• He fled the country.

• He attempted to destroy evidence.

• He bribed the prosecutors.

• He confessed immediately.

What is Billy Walters's stance on the accusations against him?

• He claims he did nothing wrong.

• He has admitted to all charges.

• He has accepted a plea deal.

• He has not commented on the case.