According to the Associated Press, Phil Mickelson confirmed that FBI agents that were investigating insider trading approached him at Jack Nicklaus’ famed Memorial Tournament this week in regards to possible insider trading between he, gambler Billy Walters and billionaire investor Carl Icahn. The hall of famer who’s racked up several wins and five major titles has come out and said that he has done “absolutely nothing wrong” according to the Press. The insider trades involved Clorox Co. and the FBI was also looking at some potential trades made through Dean’s Co. as well but the main focus is what happened with Clorox. Ichan is one of the wealthiest people in America with a whopping net worth of $20 billion in due to him buying out underperforming companies to make a massive amount of money and some those companies included eBay, Dell and Apple. He is the 18th wealthiest person in America according to the Associated Press.
Meanwhile, Walters is an icon is the sports betting community as he has made a ridiculous amount of money off of betting which led to him owning several golf courses and auto dealerships. He’s bet millions upon millions on Super Bowls alone and claims that he hasn’t had a losing season. He won the Pebble Beach Pro-Am along with Fredrik Jacobson back in 2008 as he’s supposed to be a pretty good golfer. He’s also made connections with many celebrities and other PGA Tour pros where they’ve played golf together. Walters has a massive net worth of $125 million and that has continued to grow with all of the golf courses and dealerships he’s making money off of to go along with the money he’s making from all of the betting.
Phil mentions that this situation won’t stop him in his pursuit at winning the U.S. Open which would give him the rare and coveted career grand slam.
“It’s not going to change the way I carry myself,” Mickelson said according to the AP. “Honestly, I’ve done nothing wrong. I’m not going to walk around any other way.
Here’s a video of Phil on the situation. Skip to 2:18 to hear him speak. This courtesy of the fine folks of GolfChannel.com
Also, here’s a piece written by the legendary Karen Crouse: http://www.nytimes.com/2014/06/01/sports/golf/phil-mickelson-is-center-of-attention-but-not-for-the-reason-he-would-like.html?_r=0
We’ll have to see what happens friends.
Hit me up on Twitter @ChiGolfRadio
Colin GP Mieczkowski
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