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It’s a long, hot summer for billionaire investor Carl Icahn, golf legend Phil Mickelson and Las Vegas gambling hotshot William “Billy” Walters. The high-profile trio could face white-collar prison —...
Certainly regulators are looking for scalps.
Still, the inquiry is reasonable and could have some importance in extending the regulators' reach to those not clearly within the traditional insider definition.
Assuming that the government can bring a successful criminal action against them — a term of imprisonment is not out of the question.