
By Steve Neavling
ticklethewire.com
The FBI’s case against Las Vegas gambler William Walters may be derailed after a federal agent admitted leaking confidential information to reporters.
A judge on Wednesday criticized the agent and indicated that Walters’ lawyers would file a motion to dismiss the major insider trading case, the New York Times reports.
“To say I was shocked would be an accurate statement,” Judge P. Kevin Castel of Federal District Court in Manhattan said of the leaks.
Walters is accused of raking in $40 million by using illegal stock tips.
An FBI agent admitted to prosecutors that he was a “significant source of confidential information” for reporters writing about the investigation.