Saturday, May 31, 2014

Reports: Phil Mickelson Part of Insider Trading Investigation--UPDATED



Masters champ and PGA Tour golfer Phil Mickelson is one of several interesting names being bandied about during a federal insider trading investigation.

F.B.I and Security and Exchange Commission Investigators are looking into some trades made by Mickelson, a Sports gambler by the name of William T. Waters and possibly investor Carl Icahn.

No charges have been filed, but the investigation began after reports began to surface that Icahn may have shared some insider information with Waters, who passed on the information to Mickelson.

For their part, investigators have not connected Icahn and Mickelson, but the golfer does have some connection to Waters. And Waters is a known and successful Sports gambler who owns a Las Vegas area golf course.


Read more from the NY Times RIGHT HERE

This is interesting. We don't profess to know how investigators will tie all these allegations together but they raise plenty of questions.

For people who don't run in the circles of multi-millionaires like these guys, it wouldn't be a shock that information like this is shared.

But it would be a shock to find out their hero Phil Mickelson could be involved in doing it. There have been whispers for years that Mickelson is or was a heavy gambler, which could easily explain the relationship with Mr. Waters.

It will be very interesting to see if or how this all plays out....

**UPDATE**---Mickelson released a statement Saturday afternoon stating that he has been cooperating with investigators and due to the nature of the investigation, can't talk further about it.

For no real reason, we chose this video of Mickelson...because we don't have a TV News story on this investigation...

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