Phil Mickelson & The SEC

Pro Sports 6 replies 319 views
C
Con_Alma
Posts: 12,198
May 19, 2016 1:41pm
Uh oh.

http://thehill.com/regulation/finance/280527-sec-alleges-phil-mickelson-profited-from-insider-trading-tip

He owed gambling money. Got a tip from whom he owed money The same guy was also owed money from the CEO of Dean Foods.

Lefty acted on it and made almost a cool million.
Laley23's avatar
Laley23
Posts: 29,506
May 19, 2016 3:21pm
Wasn't this brought up a few years ago? Always wondered where that story went lol
iclfan2's avatar
iclfan2
Posts: 6,360
May 19, 2016 3:29pm
No criminal charges but he did have to pay back the profit and interest. What a dipshit. He bought, made $900k, and sold within a week... And yet he didn't know it was insider trading.


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Rotinaj's avatar
Rotinaj
Posts: 7,699
May 19, 2016 3:32pm
Only in the SEC.
wildcats20's avatar
wildcats20
Posts: 27,794
May 19, 2016 5:54pm
Laley23;1796345 wrote:Wasn't this brought up a few years ago? Always wondered where that story went lol
Yeah it kinda disappeared. I feel like it was said he didn't do anything wrong.

I'm not shocked though. Phil has always seemed slimy to me.
S
sportchampps
Posts: 7,361
May 19, 2016 6:54pm
He got a free pass from the SEC his was worse then Martha Stewart's allegations.
V
vball10set
Posts: 24,795
May 20, 2016 9:44am
Rotinaj;1796348 wrote:Only in the SEC.
lol