Former Dean Foods chairman charged with insider trading

Long-term scheme allegedly illegally generated tens of millions of dollars.

U.S. prosecutors announced May 19 criminal charges against a former chairman of Dean Foods and a Las Vegas, Nev., gambler for insider trading in a years-long scheme that allegedly generated tens of millions of dollars of illegal profits, according to Reuters.

The report said Thomas Davis, the former Dean Foods chairman, and William "Billy" Walters each face securities fraud, wire fraud and conspiracy charges. Court papers said the two men have been friends since the mid-1990s, base

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