Billy Walters, possible subject of federal probe, has Kentucky roots

HERALD-LEADER STAFF REPORTJune 1, 2014 

Billy Walters, mentioned this weekend in reports of a high-profile insider-trading investigation, has roots in Kentucky.

Walter’s BW Auto Ventures operates Kentucky’s Glenn Auto Group, which includes brands Hyundai, Nissan, Infiniti, Ford, Lincoln, Mitsubishi, Fiat, Chrysler, Dodge, Jeep, Ram, Buick and GMC.

A 2011 Wall Street Journal article noted sports bettor Billy Walters’ birth in Munfordville, Kentucky, the county seat of Hart County, where he was raised by his grandmother without indoor plumbing.

Walters, 67, was the subject of a 2011 '60 Minutes' profile by reporter Lara Logan which noted his involvement in golf courses, his high profile in Las Vegas and his philanthropy, as well as his influence in the world of sports betting. Walters made cynical comments about Wall Street and stock investments, in particular in Enron, Worldcom and Tyco. He said he was “swindled” in his investments in those three companies.

An article at Businessinsider.com   says that Walters left Kentucky in 1982; 60 Minutes said it was in 1980.

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