NEW YORK — A federal magistrate judge has set bail at $25 million for a professional gambler linked to golfer Phil Mickelson in an insider-trading controversy.
Over government objections, the judge also ruled that 69-year-old William Walters can keep riding in his personal jet. Walters pleaded not guilty to charges he made tens of millions of dollars in illicit stock trades. U.S. District Magistrate Judge Andrew Peck rejected arguments by a prosecutor who claimed Walters could easily fly to Mexico if not restricted to commercial travel.
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