By David Voreacos and Chris Dolmetsch, Bloomberg News
In an extraordinary twist, Las Vegas gambler Billy Walters may escape insider-trading charges because of actions by an FBI agent who is now under criminal investigation.
On Wednesday, a federal judge said defense lawyers may seek a dismissal after an FBI agent admitted to prosecutors that he leaked confidential information about the U.S. probe to two newspapers. The leaks were so pervasive that the investigation was thrown into turmoil in 2014 as the newspapers prepared to publish confidential details that only investigators could know, according to newly unsealed court documents.
“I was ...
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