Jump to content
Check out the Spin Axis Podcast! ×
IGNORED

SEC investigating Phil Mickelson for insider trading


Note: This thread is 4382 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

Recommended Posts

Posted
I hope there's nothing to this story about Phil Mickelson and insider trading. [URL=http://online.wsj.com/articles/fbi-sec-probe-trading-of-carl-icahn-billy-walters-phil-mickelson-1401492772]http://online.wsj.com/articles/fbi-sec-probe-trading-of-carl-icahn-billy-walters-phil-mickelson-1401492772[/URL]

Agreed. From the article. Heck of a way to end Thursdays round: answer questions from FBI. [quote] The FBI and SEC are examining whether Mr. Walters on at least one occasion passed a tip on to Mr. Mickelson, these people said, and are studying the two men's trading patterns. "We do not know of any investigation," Mr. Icahn said on Friday. "We are always very careful to observe all legal requirements in all of our activities." The suggestion that he was involved in improper trading, he said, was "inflammatory and speculative." "Phil is not the target of any investigation. Period," said a lawyer for Mr. Mickelson, Glenn Cohen, on Friday, adding that an FBI agent had told him Mr. Mickelson wasn't a target. The FBI declined to comment on Mr. Cohen's statement. Two FBI agents approached Mr. Mickelson on Thursday after he finished a round of golf at the Memorial Tournament in Dublin, Ohio, seeking to speak with him in connection with the investigation, a person familiar with the situation said. Mr. Mickelson referred them to his attorney, this person said. [/quote]

My Swing


Driver: :ping: G30, Irons: :tmade: Burner 2.0, Putter: :cleveland:, Balls: :snell:

Awards, Achievements, and Accolades

Posted

Agreed. From the article. Heck of a way to end Thursdays round: answer questions from FBI.


Yeah I would guess it would be hard to focus on golf the next day.


Posted

NEW YORK, May 30 (Reuters) - The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters, a source familiar with the matter said.
Federal investigators are looking into whether Mickelson and Walters may have traded illegally on private information provided by Icahn about his investments in public corporations, the source told Reuters, confirming a report by the Wall Street Journal on Friday.
Icahn, Mickelson and Walters were not immediately available for comment. Spokespeople for the FBI and SEC declined to comment.
The investigation is the latest case to emerge from a multi-year crackdown on insider trading by U.S. authorities. It involves two of the highest-profile personalities in finance and sport: famously combative activist investor Icahn and multiple Masters champion Mickelson...

Driver: Ping K15 10°, Mitsubishi Diamana Blueboard 63g Stiff
Fairway 4-wood: TaylorMade RocketBallz Tour TP 17.5°, Matrix Ozik TP7HD S shaft

Hybrids: Callaway Diablo Edge 3H-4H, Aldila DVS Stiff
Irons: MIURA PP-9003, Dynamic Gold Superlite S300, Sand Wedge: Scratch 8620 56°
Putter: Nike Method Concept Belly 44"
Ball: Bridgestone Tour B330-S


Posted

Golf Channel had it streaming on the bottom of the screen the entire time, must be a slow news day.

Joe Paradiso

Awards, Achievements, and Accolades

Posted

The FBI and SEC don’t mess around when they smell something fishy. Martha Stewart was not convicted of insider trading but went to jail for lying to the authorities. Phil needs to be as upfront as possible with the Feds during the investigation. They hate being lied to.

Driver: Ping K15 10°, Mitsubishi Diamana Blueboard 63g Stiff
Fairway 4-wood: TaylorMade RocketBallz Tour TP 17.5°, Matrix Ozik TP7HD S shaft

Hybrids: Callaway Diablo Edge 3H-4H, Aldila DVS Stiff
Irons: MIURA PP-9003, Dynamic Gold Superlite S300, Sand Wedge: Scratch 8620 56°
Putter: Nike Method Concept Belly 44"
Ball: Bridgestone Tour B330-S


Posted
I really wonder who he pissed off to get the FBI on his ass.. I will reserve judgement until I hear more details, but where there is smoke there is usually fire!

:adams: / :tmade: / :edel: / :aimpoint: / :ecco: / :bushnell: / :gamegolf: / 

Eyad

Awards, Achievements, and Accolades

Posted

Phil's attorney said he's not the subject of any investigation but the reports seem to indicate otherwise.  I will definitely follow this to see what stage of the investigation the feds are in.


Posted
I hate to hear this. If true, what a black mark on Phil and the pga tour. I know it has nothing directly to do with the tour, but Phil has always been considered the shining face of the tour. Certainly not something you want your elite players to be a party of. Going to interesting how this all plays out.

 Sub 70 849 9* driver

:callaway:  Rogue 3 & 5 woods, Rogue X 4 & 5 hybrids

:tmade: SIM 2 6-gap irons

:cobra:  King snakebite grove wedges 52 & 58*

 :ping: Heppler ZB3 putter

 

 


Posted
They're just allegations for now, obviously there's sides to stories and we only have one right now. If lefty sails for Europe here soon we'll see his... :))

:titleist: 913 D2 w/ Oban Kiyoshi Purple :ping: G25 3 Wood w/ Graphite Design Tour AD-DJ6 :titleist: 913H 21* w/ Diamana Blue :ping: G25 4 - PW :vokey: SM4 Oil Can - 52, 56, 60 :cameron: Studio Select Newport 2 :golflogix: :bushnell: Tour V3


Posted

Unfortunately the media acts to create as much interest as possible and thus drive opinion by juxtaposition toward guilty until proven innocent. Side note, adding fuel to the fire is having a professional gambler involved with a professional athlete in an unsavory activity.

Innocent until proven guilty my folks, let the investigation take its course.


Posted

The FBI and SEC don’t mess around when they smell something fishy. Martha Stewart was not convicted of insider trading but went to jail for lying to the authorities. Phil needs to be as upfront as possible with the Feds during the investigation. They hate being lied to.

That's what I was gonna say, but I'll reserve any opinions until the investigation is complete.

Awards, Achievements, and Accolades

Posted

Insider trading is like speeding. Happens all the time and few notice and fewer care as long as it's a couple of mph.

The two ways to get caught are to go way over the speed limit or drive somebody around that's already under surveillance and being followed.


  • Moderator
Posted

Unfortunately the media acts to create as much interest as possible and thus drive opinion by juxtaposition toward guilty until proven innocent. Side note, adding fuel to the fire is having a professional gambler involved with a professional athlete in an unsavory activity.

Innocent until proven guilty my folks, let the investigation take its course.

Agree.  It is part of the "Manufactured Outrage" approach of today's media.  Phil will be tried and convicted or acquitted in the media long before the investigation is complete.

Scott

Titleist, Edel, Scotty Cameron Putter, Snell - AimPoint - Evolvr - MirrorVision

My Swing Thread

boogielicious - Adjective describing the perfect surf wave

Awards, Achievements, and Accolades

Posted
Innocent until proven guilty is usually reserved for when it is involving some sort of media darling and it is not applied accross te board regardless. Phill will no doubt get te benefit of the doubt IMO

:adams: / :tmade: / :edel: / :aimpoint: / :ecco: / :bushnell: / :gamegolf: / 

Eyad

Awards, Achievements, and Accolades

  • Administrator
Posted
Quote:

Mickelson is in Dublin, Ohio, playing The Memorial presented by Nationwide Insurance. He shot 70 on Friday to make the cut and is scheduled to tee off Saturday at 10:27 am ET.

Early Saturday, he released the following statement: "I have done absolutely nothing wrong. I have cooperated with the government in this investigation and will continue to do so. I wish I could fully discuss this matter, but under the current circumstances it's just not possible."

From the USA Today article I added to the first post.

Erik J. Barzeski —  I knock a ball. It goes in a gopher hole. 🏌🏼‍♂️
Director of Instruction Golf Evolution • Owner, The Sand Trap .com • AuthorLowest Score Wins
Golf Digest "Best Young Teachers in America" 2016-17 & "Best in State" 2017-20 • WNY Section PGA Teacher of the Year 2019 :edel: :true_linkswear:

Check Out: New Topics | TST Blog | Golf Terms | Instructional Content | Analyzr | LSW | Instructional Droplets

Awards, Achievements, and Accolades

Note: This thread is 4382 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


  • Want to join this community?

    We'd love to have you!

    Sign Up
  • TST Partners

    Carl's Place
    PlayBetter
    Golfer's Journal
    ShotScope
    The Stack System
    FitForGolf
    FlightScope Mevo

    Coupon Codes (save 10-20%): "IACAS" for Mevo/Stack/FitForGolf, "IACASPLUS" for Mevo+/Pro Package, and "THESANDTRAP" for ShotScope. 15% off TourStriker (no code).
  • Posts

    • Day 37, June 10.  Today was primarily WFH, so I had several practice sessions (indoors, off a mat, into the net).  At least one each of U, 9, and 6-iron full swings with the usual priority.   I also tried a few times a putting type stroke with my 4H, as something I should probably learn how to hit (and what it does), but the mechanical shot at home off a mat doesn't tell me much of what it's doing.  That's something I should probably try on a real green, not during a round until I've tried it.
    • Day 10 (10 Jun 26) - Played in the midweek shootout at my home course - on aerated and sanded greens - day of trying to figure tempo to get the best roll on the greens.  Approach game was decently solid as was shots off the tee.  
    • Ok, I'm trying to find a feel to hit a consistent ball flight (irons).  My current predicament.  1. I try to do the arms down stuff better, with the club feeling like it is way behind me more. It's just a cluster of results. Most of the time, I can't get any speed on the swing. If I get my arms down faster, I just throw them out.  2. I focus all my attention on turning better. Pushing off with my left leg and getting my right side through better. On the DTL view, this doesn't produce anywhere close where the hands and club should be. The result is usually ball first contact, lower ball flight, more centered contact.  At this point, I am going with option 2. Stop thinking about what the hands do. Just make a shorter backswing, keep it wide, turn through. Somehow, the club head finds the ball. My focus is so much on just making sure I turn, it's like, "Oh, that contact was better.... Oh, that bell flight looks playable." If not, I will just be practicing my entire summer.       
    • Nope, they spent too much money. They are in over 28 million on the football roster and related NIL compensation at this point. Boosters associated with any Texas college football team has HUGE sway. The AD is between a rock and a hard place. They put a lot of money into Sorsby, at the chance of winning a NC this year. If you move on, you basically wasted a lot.  This is why Ohio State wants 3 QB's they feel can start. That is why the backups the past 5 years at some point transfer. Texas Tech has no backup near the quality of Sorsby. If they move on, they are screwed for 2026. 
    • Maybe there's something I still don't understand about the situation. Wouldn't Texas Tech do itself a favor to move on from Sorsby at this point?      
×
×
  • Create New...

Important Information

Welcome to TST! Signing up is free, and you'll see fewer ads and can talk with fellow golf enthusiasts! By using TST, you agree to our Terms of Use, our Privacy Policy, and our Guidelines.