Thursday, May 19, 2016

Phil Mickelson made $1 million from insider trading: SEC

NY Daily Post  y Brett Cyrgalis
Phil Mickelson is in the water, and it’s hot.
The five-time major-champion golfer was named in a federal insider-trading lawsuit on Thursday, claiming that he made nearly $1 million from non-public information in the trading of Dean Foods stock. The complaint was filed by the Securities and Exchange Commission in the U.S. District Court for the Southern District of New York. Because the case is in civil court, the SEC is seeking “all ill-gotten gains in the form of illicit trading profits.”
Mickelson has agreed to pay back the money, according to a source.
“Phil has not been charged with insider trading,” Gregory B. Craig and Pat Swan, attorneys for Mickelson, said in a statement. “Phil was an innocent bystander to alleged wrongdoing by others that he was unaware of. Phil is innocent of any wrongdoing. “

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