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SEC investigating Phil Mickelson for insider trading - Page 4

post #55 of 63
He's always been a good guy, so I'd hold off on any judgements. We'll just have to wait and see what happens.
post #56 of 63

It's

Quote:
Originally Posted by Lucas View Post

He's always been a good guy, so I'd hold off on any judgements. We'll just have to wait and see what happens.

I don't know Phil personally but he comes off as a good guy on television.  That said, until all the facts come out, he's innocent until proven guilty (except by those who don't like him).

 

It's very possible Walters gave him Phil the tip and Phil acted on it without any knowledge that Walters had received insider information from Icahn.  If the investigation concludes that Walters acted on insider information but Phil didn't know, then Phil probably testifies in court against Walters and at worst pays a fine.

post #57 of 63
Quote:
Originally Posted by newtogolf View Post
It's very possible Walters gave him Phil the tip and Phil acted on it without any knowledge that Walters had received insider information from Icahn.  If the investigation concludes that Walters acted on insider information but Phil didn't know, then Phil probably testifies in court against Walters and at worst pays a fine

 

Phil has balls.  He put a couple hundred grand into options that were set to be worthless in a matter of days.  Instead they multiply in value.  He plays with money like his shot selection on par 5's!

 

More seriously, without emails or testimony from someone, there will be no way to prove Phil broke any laws.  Good timing isn't illegal.

post #58 of 63

All this, and this goes for the other post re: Phil, is all Speculation at this time, and nothing more. Wait until the legal system has run it's course, then comment...sheesh.

post #59 of 63
Quote:
Originally Posted by newtogolf View Post

It's
I don't know Phil personally but he comes off as a good guy on television.  That said, until all the facts come out, he's innocent until proven guilty (except by those who don't like him).

It's very possible Walters gave him Phil the tip and Phil acted on it without any knowledge that Walters had received insider information from Icahn.  If the investigation concludes that Walters acted on insider information but Phil didn't know, then Phil probably testifies in court against Walters and at worst pays a fine.
That's true, it's possible even likely Phil didn't even know it was insider information. He could have just been trusting his "financial advisor".
post #60 of 63

What's the saying, never let the facts get in the way of a good story?

 

http://espn.go.com/golf/story/_/id/11071283/phil-mickelson-cleared-part-insider-trading-investigation-according-report 

Quote:

One investigation down, one to go for Phil Mickelson

No evidence was found that Mickelson was involved in questionable stock trading in shares of Clorox, multiple sources told the New York Times. 

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.Mickelson remains under investigation over well-timed trades involving Dean Foods stock that netted him nearly $1 million, according to New York Times sources. 

As far as Dean Foods, the New York Times reported that authorities are pursuing a theory that a source tipped Walters off about the company's plan to offer its WhiteWave Foods subsidiary in an initial public offering in 2012. It is unclear what prompted Walters and Mickelson to trade; however, shares of Dean Foods went up 41 percent the day after the company officially announced the news. Icahn is not connected to the Dean Foods trading. 

Mickelson has denied any wrongdoing in either instance. No charges have been filed. 

 

New York Times (Grudgingly) Admits They Misfired On Phil Mickelson's Part In Insider Trading Story

The Matthew Goldstein and Ben Protess story which, while still suggesting Phil Mickelson may have issues related to his Dean Foods trades that netted him $1 million (to Billy Walters' $15 million), includes this:

“The new details, provided in the interviews with the people briefed on the matter, indicate that Mr. Mickelson’s ties to the investigation are weaker than previously reported.”

My analysis at GolfDigest.com's The Loop.

post #61 of 63
Quote:
Originally Posted by mvmac View Post
 

What's the saying, never let the facts get in the way of a good story?

 

http://espn.go.com/golf/story/_/id/11071283/phil-mickelson-cleared-part-insider-trading-investigation-according-report 

 

New York Times (Grudgingly) Admits They Misfired On Phil Mickelson's Part In Insider Trading Story

The Matthew Goldstein and Ben Protess story which, while still suggesting Phil Mickelson may have issues related to his Dean Foods trades that netted him $1 million (to Billy Walters' $15 million), includes this:

“The new details, provided in the interviews with the people briefed on the matter, indicate that Mr. Mickelson’s ties to the investigation are weaker than previously reported.”

My analysis at GolfDigest.com's The Loop.

That's funny, usually retractions are on page 57 in small print next to the donut shop ads.

post #62 of 63
Thread Starter 
Quote:
Originally Posted by mvmac View Post
 

What's the saying, never let the facts get in the way of a good story?

 

http://espn.go.com/golf/story/_/id/11071283/phil-mickelson-cleared-part-insider-trading-investigation-according-report 

 

New York Times (Grudgingly) Admits They Misfired On Phil Mickelson's Part In Insider Trading Story

The Matthew Goldstein and Ben Protess story which, while still suggesting Phil Mickelson may have issues related to his Dean Foods trades that netted him $1 million (to Billy Walters' $15 million), includes this:

“The new details, provided in the interviews with the people briefed on the matter, indicate that Mr. Mickelson’s ties to the investigation are weaker than previously reported.”

My analysis at GolfDigest.com's The Loop.


Surely the New York Times wouldn't jump the gun on a story. ;-)

 

(Sarcasm).

post #63 of 63
Quote:
Originally Posted by MS256 View Post
 


Surely the New York Times wouldn't jump the gun on a story. ;-)

 

(Sarcasm).

LOL, no they never would, nor would the Daily News, Washington Post, ABC, NBC, CBS or FOX.  Seems who's first to report something is more important than reporting the facts so overall the news industry in this country is worthless.

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