Insider trading inquiry includes Mickelson and Icahn

[TexasTowelie]

Source: New York Times

The divergent lives of a championship golfer, a high-rolling gambler and a billionaire investor have collided in a federal insider trading investigation.

Federal authorities are examining a series of well-timed trades belonging to golfer Phil Mickelson and gambler William T. Walters, people briefed on the investigation said, focusing on trading in two stocks. The authorities are also questioning what role, if any, that investor Carl C. Icahn may have had in sharing information about one of the stocks, of consumer products company Clorox.

Mickelson, a three-time winner of the Masters and one of the country’s highest-earning athletes, placed his Clorox trade in 2011, the people briefed on the investigation said. Walters, an owner of golf courses who is often considered the most successful sports bettor in the country, made a similar trade about that time, the people added.

Icahn, a 78-year-old billionaire and one of the best-known investors in the world, was mounting a takeover bid for Clorox around the time that Mickelson and Walters placed their trades.

Read more: http://www.dallasnews.com/news/local-news/20140530-insider-trading-inquiry-includes-mickelson-and-icahn.ece

[rocktivity]

1. Would this be the same golfer Mickelson who whined about having to pay so much in taxes

he was going to quit golf? Yes, I remember it well. Looks like he'll have to invest some of his money in lawyers now, not to mention give up being Tiger Woods' moral superior!


rocktivity

[TexasTowelie]

2. No, you absolutely must be confused

and if you think otherwise then I can't think of a more appropriate occasion than to use some of this fine product:

[monmouth3]

3. HA! Perfect nail hit. Such a whiner...n/t

[Doctor_J]

4. Phil has always been a gambling addict

and was voted one of the 10 most despised athletes not too long ago.

[DeSwiss]

5. Ah-choooo$

- Mmmm, sounds like a case of Affluenza. Get your tissues out......



K&R

[Kingofalldems]

6. Saw this on Yahoo. Freepers going nuts in the comments.

Apparently they think millionaires should be allowed to do this. And they are saying Phil being targeted because he didn't contribute enough to the 'democrat party.'

[sybylla]

7. Unless said millionaire is Martha Stewart.

If true, it would be a travesty if this asshole doesn't at least do the same time.