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Auggie

(31,156 posts)
Sun Jun 1, 2014, 11:15 AM Jun 2014

FBI, SEC probe Phil Mickelson and others (insider trading)

USA Today

Federal investigators have launched what the Wall Street Journal is calling "a major insider-trading probe involving finance, gambling and sports" that involves the trading of activist investor Carl Icahn, pro golfer Phil Mickelson and Las Vegas bettor William "Billy" Walters.

According to a story published on the Journal website late Friday, the Federal Bureau of Investigation and the Securities and Exchange Commission are probing whether Mickelson and Walters illegally traded on nonpublic information they allegedly obtained from Icahn about his investments in public companies. The Journal story attributed the information to "people briefed on the probe."

MORE: http://www.usatoday.com/story/money/business/2014/05/30/wsj-report-carl-icahn-phil-mickelson-william-billy-walters-insider-trading-probe/9791365/

Mickelson says he's cooperating with the FBI

http://www.usatoday.com/story/sports/golf/2014/05/31/phil-mickelson-fbi-investigation-memorial/9811813/

12 replies = new reply since forum marked as read
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FBI, SEC probe Phil Mickelson and others (insider trading) (Original Post) Auggie Jun 2014 OP
Mickleson - spoiled brat who whined about the historically low tax rate on his millions in earnings. Scuba Jun 2014 #1
That is an example of things that bother me more JonLP24 Jun 2014 #3
Too soon to say anything really JonLP24 Jun 2014 #2
I don't know what happened in this case, but Phil's always seem like a scum bag to me (nt) bigwillq Jun 2014 #4
Really??? YarnAddict Jun 2014 #5
See reply #1 Auggie Jun 2014 #6
Big deal. YarnAddict Jun 2014 #7
Yes it does...he's clueless about how other people actually struggle... joeybee12 Jun 2014 #8
So he has to LIKE paying taxes? YarnAddict Jun 2014 #9
Pffft... joeybee12 Jun 2014 #10
Whining about taxes from a guy who made $61 million in 2012 ... Auggie Jun 2014 #11
Well, Well, Well ProfessorGAC Jun 2014 #12

JonLP24

(29,322 posts)
3. That is an example of things that bother me more
Sun Jun 1, 2014, 11:48 AM
Jun 2014

"Drastic changes"? Tell that to someone who lost their house and/or job about your need to make "drastic changes".

JonLP24

(29,322 posts)
2. Too soon to say anything really
Sun Jun 1, 2014, 11:47 AM
Jun 2014

but it is interesting he was the morality go-to guy when Tiger Woods had his troubles to when he played in The Masters.

However, insider trading is very low on the list of things that bother me and wonder why the government spends so much time and resources trying to stop it. I can see where it can be harmful but having inside information and choosing to not buy stock based on information affects the value just as buying/selling would but its impossible to police. Ripping off taxpayers and getting richer w/ help from the government bothers me, especially members of the government(like Bush's cabinet) that get richer because of the companies they're helping.

 

YarnAddict

(1,850 posts)
5. Really???
Mon Jun 2, 2014, 08:50 AM
Jun 2014

He showed a lot of class when his wife and mother were both diagnosed with breast cancer. I worked with someone whose wife had died quite young of breast cancer, and he was a huge Phil fan. I am also a cancer survivor (although not breast cancer) and he was a hero in our house.

 

YarnAddict

(1,850 posts)
7. Big deal.
Mon Jun 2, 2014, 11:27 AM
Jun 2014

So, he doesn't like paying taxes. People don't like paying a bank overdraft fees. No one likes to spend anything that they don't see as a benefit to themselves. Says nothing about anyone's character.

 

joeybee12

(56,177 posts)
8. Yes it does...he's clueless about how other people actually struggle...
Mon Jun 2, 2014, 11:50 AM
Jun 2014

He's a whiny little shithead.

 

YarnAddict

(1,850 posts)
9. So he has to LIKE paying taxes?
Mon Jun 2, 2014, 11:52 AM
Jun 2014

It's not enough to comply with the law, he has to LIKE doing it? If you ever get an overdraft fee, I wonder if you will be expected to LIKE paying it?

 

joeybee12

(56,177 posts)
10. Pffft...
Mon Jun 2, 2014, 12:32 PM
Jun 2014

Go ahead and praise the little shithead...go praise Romeny and other types like that...I'm done listening to the likes of you.

ProfessorGAC

(64,960 posts)
12. Well, Well, Well
Tue Jun 3, 2014, 08:07 AM
Jun 2014

The liar gets caught in his own lie. If you all remember, he lost his financial advisor when he told Golf Magazine (or Golf Digest, i forget which), that he did all his own investing because he was so good at it. The advisor quit over that.

Now, he's got advisors (which he claimed to not need) and his story this time is that he didn't know nothin' and that it must be the folks he's throwing under the bus.

Slime ball.

BTW: To the poster earlier; how did he show extra class by supporting his mom and his wife? That's nothing noble. It's an obligation.
GAC

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