Mickelson: I’m Cooperating In Trading Probe

May 31, 2014 by  

Mickelson: I’m Cooperating In Trading Probe, Hall of Fame golfer Phil Mickelson said he is cooperating in an insider trading investigation involving him, activist investor Carl Icahn and Las Vegas gambler Billy Walters. The five-time major champion maintains he has done nothing wrong.

Mickelson’s manager confirmed Saturday that the investigation was the same outlined in reports in several newspapers, including the Wall Street Journal.

The newspapers’ report that federal investigators are looking into the trading patterns of Mickelson and Walters involving two stocks. The reports say the FBI and Securities and Exchange Commissioner are analyzing trades Mickelson and Walters made involving Clorox about the time Icahn was attempting to take over the company.

The newspapers cited unidentified people who had been briefed on the investigation. The Associated Press could not immediately confirm details of the probe. The Justice Department and SEC declined comment.

Mickelson, one of the most popular figures in golf, was playing at the Memorial was not available for comment until after his round Saturday.

“I have done absolutely nothing wrong,” Mickelson said in a statement. “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.”

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