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Walters Called 'Babe Ruth Of Risk' By Former Broker

Law360, New York (April 3, 2017, 9:14 PM EDT) -- After the prosecution rested Monday in its insider trading case against prominent sports gambler Billy Walters, a New York federal jury was told by Water’s former stockbroker that the gambler was an “exceptional client” whom he once referred to as the “Babe Ruth of risk.”

Defense witness Alan Duncan, who was Walters’ broker Wells Fargo Advisors and its antecedent identities from 1992 until he retired in 2009, echoed the testimony of his son, Scott Duncan, who last week called Walters’ proclivity for risk “nerve-wracking.”

In support of his terming Walters exceptional, Alan Duncan said the gambler was bright, did lots of...

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