Golf: Mickelson says he’s cooperating in trading probe
Golf • The FBI and SEC are analyzing trades made by golfer.
Published: May 31, 2014 06:40PM
Updated: May 31, 2014 10:09PM
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Phil Mickelson watches his approach shot on the first hole during the third round of the Memorial golf tournament Saturday, May 31, 2014, in Dublin, Ohio. Mickelson says he's co-operating in an insider trading investigation involving him, investor Carl Icahn and Las Vegas gambler Billy Walters but maintains he did nothing wrong. Mickelson's manager confirmed Saturday that the investigation was the same outlined in reports in several newspapers, including the Wall Street Journal. (AP Photo/Jay LaPrete)

Dublin, Ohio • Hall of Fame golfer Phil Mickelson confirmed that FBI agents investigating insider trading approached him this week at the Memorial Tournament. Mickelson said Saturday he has done “absolutely nothing wrong.”

A federal official briefed on the investigation said the FBI and Securities and Exchange Commission are analyzing trades Mickelson and Las Vegas gambler Billy Walters made involving Clorox at the same time activist investor Carl Icahn was attempting to take over the company. When Icahn’s intent became public, the stock price jumped.

Smiling as he stood before a room packed with reporters and cameras, Mickelson said the case had not been a distraction until FBI agents approached him after his opening round Thursday.

He said it wouldn’t affect his U.S. Open preparations.

“It’s not going to change the way I carry myself,” Mickelson said. “Honestly, I’ve done nothing wrong. I’m not going to walk around any other way.”

The federal official said Mickelson and Walters placed their trades about the same time in 2011. Federal investigators are looking into whether Icahn shared information of his takeover attempt of Clorox with Walters, and whether Walters passed that information to Mickelson.

Reports of the investigation appeared in several newspapers, including the Wall Street Journal. The newspaper reports said federal officials also were examining trades by Mickelson and Walters involving Dean Foods Co. in 2012.