Report: Phil Mickelson Cleared Of Investigation
GOLF NEWS: Phil Mickelson
ESPN, via the New York Times, reports that Phil Mickelson is cleared of one investigation, but has one more to go. Mickelson is under investigation for questionable stock trading with Clorox.
Mickelson remains under investigation over well-timed trades involving Dean Foods stock that netted him nearly $1 million, according to New York Times sources.
The Wall Street Journal previously had reported that Mickelson was being investigated by FBI and SEC agents in an insider-trading case allegedly involving investor Carl Icahn and Las Vegas gambler Billy Walters. Officials reportedly analyzed trades Mickelson and Walters made involving Clorox in 2011, at the same time Icahn was attempting to take over the company. When Icahn's intent became public, the stock price jumped.