U.S. investigating Icahn, Mickelson in insider trading probe

[dmcowen674]

5-31-2014

http://news.yahoo.com/u-investigati...e-insider-trading-source-000534567--golf.html

U.S. investigating Icahn, Mickelson in insider trading probe


The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters

Walters, who plays golf with Mickelson, is a well-known sports bettor who met Icahn through a mutual acquaintance and struck up a friendship, according to the Journal.

The investigation into the trio centers on suspicious trades in Clorox Co options days before Icahn announced a bid to acquire the company in 2011

Investigators were also looking into trades that Mickelson and Walters made related to Dean Foods Co

 

[dmcowen674]

They better put Lefty and his buddies in Jail just like they did to Martha Stewart.

 

[Londo_Jowo]

I suspect Phil learned from Martha's mistakes and won't mislead investigators/obstruct the investigation, he'll most likely get a fine and probation.

 

[dmcowen674]

6-1-2014

http://news.yahoo.com/mickelson-says-hes-cooperating-trading-probe-150318846--finance.html

Mickelson says he's cooperating in trading probe



Hall of Fame golfer Phil Mickelson confirmed that FBI agents investigating insider trading approached him this week at the Memorial Tournament. The five-time major champion said Saturday he has done "absolutely nothing wrong."


Smiling as he stood before a room packed with reporters and cameras, Mickelson said the case had not been a distraction until FBI agents approached him after his opening round Thursday.


Mickelson wouldn't discuss details about his relationship with Walters, a multimillionaire who owns several golf courses and auto dealerships. He wouldn't talk about stock tips he received, but reiterated that he did nothing wrong.


When asked whether Walters advised him to invest in Clorox or Dean Foods, Mickelson matter-of-factly replied to a Wall Street Journal reporter, "You should know. You wrote the article."