Report: Phil Mickelson Investigated By FBI, SEC In Insider Trading Case

by abournenesn

May 31, 2014

Phil MickelsonGolfer Phil Mickelson isn’t having his best year on the course, and now he seems to be running into some trouble off of it.

Mickelson is one of three men being investigated by the Federal Bureau of Investigation and the Securities and Exchange Commission inĀ “a major insider-trading probe involving finance, gambling and sports,” according to ESPN.com, citing the Wall Street Journal. The investigation also involves Carl Icahn, who runs the publicly traded Icahn Enterprises, and William “Billy” Walters, a Las Vegas bettor and real estate mogul.

No charges have been filed in the investigation, and none of the three men have been accused of doing anything wrong.

“I have done absolutely nothing wrong,” Mickelson said in a statement early Saturday morning. “I have cooperated with the government in this investigation and will continue to do so. I wish I could fully discuss this matter, but under the current circumstances, it’s just not possible.”

The FBI and the SEC are reportedly looking into whether Mickelson and Walters traded nonpublic information they got from Icahn about his investments in public companies. The two agencies are reviewing Mickelson’s and Walters’ trading patterns in an investigation that began three years ago when Icahn made a $1.2 billion offer for Clorox, which caused the stock to jump, according to ESPN.com.

 

Previous Article

Brandon Workman Says Ejection Pitch Slipped; Notes From Red Sox’s Win

Next Article

Aaron Hernandez Reportedly Running Out Of Money To Pay Lawyers

Picked For You