Phil Mickelson finds himself between a rock and a hard place as he is being investigated for alleged insider trading on several stocks.
When the news broke Friday, it was all anyone wanted to ask Lefty as he attempts to put the matter aside in favor of golf.
"I can't really go into much right now, but as I said in my statement, I have done absolutely nothing wrong," Mickelson said. "And that's why I've been fully cooperating with the FBI agents, and I'm happy to do so in the future, too, until this gets resolved.
"But for right now -- and hopefully it will be soon -- but for right now I can't really talk much about it.”
According to the initial story by the Wall Street Journal, Mickelson is being investigated for possibly having the inside track on stocks. The article cites the specifics, but people close to the story could not go into great detail at this time.
The traders — a cross-section of investors including the championship golfer Phil Mickelson and the high-rolling gambler and golf course owner William T. Walters — collectively reaped several million dollars betting on the consumer products company Clorox and one other stock
The trades, options contracts to buy Clorox stock, came just days before the billionaire investor Carl C. Icahn announced an unsolicited takeover bid for the company that drove up the stock price.
Mickelson is currently in the middle of his worst season since becoming a pro and has had a huge problem with closing out rounds. The 43-year-old Mickelson has not had a top-10 finish this season and missed the cut at Masters and the Players Championship. Phil is going to go through some tough times in the near future and golf might just be his saving grace.
[ESPN]
[New York Times]
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