Phil Mickelson and William Walters investigated by FBI for insider trading involving Carl Icahn

Golfer Phil Mickelson and Las Vegas gambler William Walters are being investigated by the FBI over a possible insider trading involving billionaire investor Carl Icahn.

The inquiry is reportedly examining whether Phil Mickelson and William Walters may have traded shares illegally, based on information provided by Carl Icahn.

Phil Mickelson’s lawyers say he is not the target of an investigation.

Carl Icahn, 78, denies giving insider information. William Walters has not yet commented.

Phil Mickelson, 43, has won five major championships and is one of the US’s highest-paid sportsmen.

Phil Mickelson has won five major championships and is one of the US’s highest-paid sportsmen

The FBI, along with the Securities and Exchange Commission and federal prosecutors in Manhattan, are said to be looking into trading in two different stocks.

The investigation, which began three years ago, is focusing on trades in cleaning products company Clorox.

Carl Icahn, a billionaire investor and prominent activist, was mounting a takeover bid for Clorox around the time that Phil Mickelson and William Walters placed their trades, the New York Times reports.

“We do not know of any investigation,” Carl Icahn told Reuters news agency, saying he was proud of his 50-year “unblemished record”.

Investigators are also reportedly looking into trades that Phil Mickelson, a three-time Masters champion, and William Walters made relating to Dean Foods, the Wall Street Journal reports.

The New York Times quotes sources saying federal authorities are looking into trades placed in August 2012 just before the company announced quarterly results.

Those trades appeared to have no connection to Carl Icahn, the newspaper added.

The FBI and other federal agencies have not commented publicly on the allegations.

None of the men have been directly accused of any wrongdoing.

YOTFB-8jaZA
Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

Donald Trump and Elon Musk Celebrate Election Victory at UFC 309

Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…

5 days ago

White House 2024: Donald Trump Wins, Kamala Harris Calls Him to Concede Election

Millions of voters across the US chose to return Donald Trump to the White House…

2 weeks ago

Who Won? Donald Trump Declares Victory as He Addresses Jubilant Supporters in Florida

Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…

2 weeks ago

Stocks Soaring as Donald Trump Closes in on US Victory

Stocks around the world are rising as Donald Trump appears to be on the cusp…

2 weeks ago

Who Won? Kamala Harris Cancels Election Night Party as Path to Victory Narrows

Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…

2 weeks ago

Quincy Jones Dead at 91

Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…

2 weeks ago