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Former Las Vegas pro-gambler William Walters given pardon by Trump

William "Billy" Walters
Phil Mickelson Insider Trading
Posted at 10:33 PM, Jan 19, 2021
and last updated 2021-01-20 07:00:31-05

LAS VEGAS (KTNV) — The White House has released a statement saying President Donald J. Trump has granted pardons to 73 individuals and commuted the sentences of an additional 70 individuals on his last day in office.

One of those people was former Las Vegas professional gambler William "Billy" Walters.

RELATED: President Trump issues pardon to Las Vegas founder of Hope for Prisoners

In 2017 Walters was sentenced to five years imprisonment for an insider trading case linked to pro golfer Phil Mickelson and Dallas-based Dean Foods Co.

Walters was previously named Las Vegas’ Philanthropist of the Year in 1997.

The White House says this commutation was supported by former Majority Leader Harry Reid, former Gov. Jim Gibbons, former Rep. Shelley Berkley, former Clark County Sheriff William Young, former Police Commissioner Bernie Kerik, numerous professional golfers including Butch Harmon, David Feherty, Peter Jacobsen, and Phil Mickelson, and former "60 Minutes" correspondent Lara Logan.

Since his conviction, he has served almost four years of his sentence and has paid $44 million in fines, forfeitures and restitution.

To view a full list of those pardoned visit WhiteHouse.gov.