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Phil Mickelson Accused of Insider Trading: Latest Comments and Reaction
- Updated: May 19, 2016
On Thursday, the Securities and Exchange Commission accused golfer Phil Mickelson of insider trading for allegedly receiving tips on a stock.
According to Steve Goldstein of MarketWatch, gambler William “Billy” Walters allegedly gave the 45-year-old Mickelson a tip on Dean Foods after former Dean Foods chairman Thomas Davis provided Walters with the information.
Mickelson—a five-time major champion and three-time Masters winner—reportedly made around $931,000 in one week after buying $2.4 million in Dean Foods securities.
Per ESPN’s David …
continue reading in source www.bleacherreport.com
