Sports
Related: About this forumFBI, 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/
Scuba
(53,475 posts)JonLP24
(29,322 posts)"Drastic changes"? Tell that to someone who lost their house and/or job about your need to make "drastic changes".
JonLP24
(29,322 posts)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.
bigwillq
(72,790 posts)YarnAddict
(1,850 posts)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.
Auggie
(31,156 posts)Not many Mickelson fans here because of that
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)He's a whiny little shithead.
YarnAddict
(1,850 posts)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)Go ahead and praise the little shithead...go praise Romeny and other types like that...I'm done listening to the likes of you.
Auggie
(31,156 posts)give me a break.
http://money.cnn.com/2013/01/23/news/economy/mickelson-taxes/
ProfessorGAC
(64,960 posts)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