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FBI Investigates Phil Mickelson for Insider Trading

PGA Tour superstar Phil Mickelson is reportedly under investigation from the FBI and SEC for suspicion of insider trading, according to the New York Times.

Mickelson, along with high-rolling gambler William T. Walters and investor Carl C. Icahn, are being investigated by federal authorities for a series of “well-timed trades” in recent years. Icahn is specifically being questioned for possibly providing insider information about certain stocks in which Mickelson and Walters invested.

Icahn, 78, is a billionaire and a well known investor in many arenas. According to the report, the stock in question is a bid for Clorox in 2011, which Mickelson and Walters placed trades on three years ago.

Unbeknownst to many golf fans, Mickelson was actually approached by FBI agents in a New Jersey airport in 2013 and asked about the Clorox trade.

 

Saturday morning, Mickelson released a statement on the investigation. “I have done absolutely nothing wrong. 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.”

Stay tuned to the Back9Network for more information as it becomes available.

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