Phil Mickelson, Carl Icahn and William Walters are under investigation by the FBI and SEC for a major insider-trading probe. Between a world renowned golfer, a high profile investor and a Las Vegas gambler, this case is dealing with a couple of powerful people. They have not yet been available for comment on the issue.
Report: FBI investigating Phil Mickelson as part of major insider-trading probe: http://t.co/BOSzQzlTAj pic.twitter.com/DFaiuxYupP
— Golf.com (@si_golf) May 31, 2014
image via Twitter from Golf.com
Mickelson and Walters are both believed to have traded illegally on private information about Icahn’s investments into public corporations according to FoxNews. The past three years are being looked at closely by investigators to determine whether or not Walters or Mickelson were tipped off about possible market-moving investments by Icahn’s company.
This investigation centers around suspicious trades in Clorox Co. options merely days before an announcement that Icahn made a bid to acquire the company in 2011 via yahoo. The FBI and SEC declined to comment on the issue.
By February of 2011, Icahn had accumulated 9.1% stake in Clorox. Come July he valued the company at $10 billion when he made an offer which sent the stock soaring.