Golf / Sports

Mickelson says he's cooperating with insider trading probe

Phil Mickelson, playing in the Memorial tournament this weekend, has released a statement saying that he has "absolutely" done nothing wrong and is cooperating with investigators who are looking into the trading of stock involving investor Carl Icahn, gambler Billy Walters and the golf star.

The Wall Street Journal and other media organizations have reported that the FBI and Securities and Exchange Commission are particularly interested in Mickelson's and Walters' trading of Clorox stock in 2011, when Icahn acquired more than 9 percent of the stock before attempting to take over the company, driving up its value before he cashed out.

The FBI and SEC are reportedly looking into whether Icahn passed along information to Walters, who might have given a tip to Mickelson. The five-time major champion told reporters on Saturday that he was contacted by FBI agents on Thursday following his opening round at Muirfield Village Golf Course in Dublin, Ohio.

Reports also said the investigation is looking into 2012 trades made by Mickelson and Walters for stock of Dean Foods Co.

Said Mickelson in his statement: "I have done absolutely nothing wrong. I have cooperated with the government in this investigation and will continue to do so. I wish I could fully discuss this matter, but under the current circumstances it's just not possible."

Icahn, who made a $10.2 billion offer for Clorox, has a net worth more of than $20 billion, according to Forbes, making him one of the 20 wealthiest Americans. The 78-year-old is known as a corporate raider who buys undervalued companies and quickly turns them around for profit.

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