Phil Mickelson investigated for insider trading

JENNIFER ABLAN
Last updated 12:44 31/05/2014
Phil Mickelson
Getty Images
UNDER SCRUTINY: Phil Mickelson, currently playing at The Memorial tournament in Dublin, Ohio, is being investigated for possible insider trading, along with two others.

Relevant offers

Golf

Journeyman pro retracts Tiger Woods drug test rumour Top-100 ranked Japanese golfer heading to NZ Open Michael Hendry gunning for three straight NZ PGA titles Lydia Ko's NZ Women's Open win boosts her lead as world No 1 Padraig Harrington ends seven-year wait with Honda victory Lydia Ko golf fans turn out as #GoKo ranks swell Lydia Ko gets a 'little power' off the PM, jets off for next golf challenge Andy Sullivan rises from the pack to win Johannesburg Open Amy Yang wins LPGA Thailand Open by two strokes NZ Women's Open looks into LPGA Tour move as Lydia Ko victory creates interest

The US 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, a source familiar with the matter said.

Federal investigators are looking into whether Mickelson and Walters may have traded illegally on private information provided by Icahn about his investments in public corporations, the source told Reuters, confirming a report by the Wall Street Journal on Friday (local time).

Icahn, Mickelson and Walters were not immediately available for comment.

The investigation centers on suspicious trades in Clorox Co options days before Icahn announced a bid to acquire the company in 2011, according to the Journal, citing people briefed on the probe.

Icahn had accumulated a 9.1 percent stake in Clorox in February 2011. In July, the activist investor made an offer for the company that valued it at above $10 billion and sent its stock soaring.

Investigators were also looking into trades that Mickelson and Walters made related to Dean Foods Co, the Journal cited the people as saying.

Mickelson is currently playing in The Memorial tournament in Dublin, Ohio, making the cut after shooting a two-under 70 in the second round. He trails leader Paul Casey by 10 shots.

Ad Feedback

- Reuters

Special offers
Opinion poll

If she is able to, when do you expect Lydia Ko to win her first major?

Next year, she's so close

She's still working towards it, within three years

It may be longer than we think, within five years

The expectation might be too much, maybe never

Vote Result

Related story: (See story)

Featured Promotions

Sponsored Content