Billy Walters Test Star Witness Embezzled from Battered Women's Charity to finance Gambling, Hookers

Gambling, soliciting prostitutes, ripping down a women's charity and leaking delicate company information, it's all just another day on the job, evidently, for the former president of America's biggest milk-processing companies.

William 'Billy' Walters leaves a Manhattan federal court. He is alleged to own made $43 million in unlawful stock trades on Dallas-based Dean Foods. He is pleading simple.

Tom Davis, the former president of Dean Foods, of Dallas, continued his testimony in the test of his one-time friend, the legendary gambler Billy Walters, on Wednesday. Walters is accused of making $43 million from illegal trades on Dean Foods' stock, making use of privileged information allegedly given by Walters.

Because the celebrity witness for the prosecution, Davis was expected by United States Assistant Attorney Brooke Cucinella to reveal any details that are unsavory his background that may later surface within the course of this trial. This is standard training, as it's better that such information is...