Great news, for golfer Phil Mickelson. According to a New York Times report, Mickelson won’t be charged with insider trading. Phil Mickelson started his chase, for the career slam today, at Pinehurst No. 2. He couldn’t have heard the news soon enough.
Phil was quick to say, “I’ve done nothing wrong.” when the news broke about the insider trading investigation, the FBI is conducting. It was the truth. In the times report, they wrote, Mickelson never traded any shares of Clorox.
This is reportedly the stock at the center of the insider investigation. Mickelson didn’t even know Icahn, who was supposedly the guy leaking details about his take over of Clorox to Mickelson and one other.
If Mickelson never traded any shares of Clorox, he couldn’t possibly be charged with insider trading. Mickelson’s lawyer told the N.Y. Times; a FBI agent had informed him that the golfer was not a target of the investigation.
The Times also reported, the FBI agent had informed Mickelson that the government has no plans to prosecute him. Mickelson has cooperated with the investigation and he doesn’t seem to have any ties to the Clorox insider trading scandal.
Now Phil can focus on the task at hand, and try to win the US Open to complete the career slam, by capturing the only major the golfer hasn’t been able to win. He has 6, 2nd place finishes and is presently at 1 under par and in 5th place at the time of this article.
Filed under: PGA Tour Golf