Golfer Phil Mickelson Being Investigated for Insider Trading
Pro golfer Phil Mickelson is reportedly under investigation by the FBI and the Securities and Exchange Commission for possible insider trading.
Investigators are trying to figure out if Mickelson and Las Vegas gambler William Walters may have traded illegally on private information that was provided by billionaire investor Carl Icahn, according to Reuters.
The investigation is centering on suspicious trades in Clorox Co. options just days before Icahn announced that he was accumulating a 9.1% stake in the company.
Phil, 43, is one of the top golf players in the world, basically second in fame and recognition to Tiger Woods. He has won forty-two events on the PGA tour, including the Masters three times.