Business
4:02 am
Mon June 2, 2014

Mickelson Says He's Done Nothing Wrong In Trading Probe

Originally published on Mon June 2, 2014 5:48 am

Transcript

STEVE INSKEEP, HOST:

NPR's Business News starts with a hazard on the green. If you're like me, you heard this story and your first reaction was - what? The FBI and the Securities Exchange Commission are investing golf pro Phil Mickelson over allegations of insider trading. What's going on here? NPR's Sam Sanders reports.

SAM SANDERS, BYLINE: Three-time Masters winner Phil Mickelson found himself in a strange position on the green recently. Last Thursday, two FBI agents met him on an Ohio golf course to ask him about an insider trading investigation. Saturday, Mickelson told reporters he is innocent and fully cooperating with the FBI.

(SOUNDBITE OF ARCHIVED RECORDING)

PHIL MICKELSON: I can't really go into much right now, but as I said in my statement, I have done absolutely nothing wrong.

SANDERS: Officials think investor Carl Icahn gave investment tips to William "Billy" Walters, a Las Vegas sports bettor. The thought is that Walters may have shared some tips with Mickelson. The two have played golf together. The investigation began about three years ago, after Icahn bought a large stake in Clorox company. And well-timed trading around that bid made some investors a lot of money. For now, Mickelson says he'll keep playing.

(SOUNDBITE OF ARCHIVED RECORDING)

MICKELSON: You have to be able to block out whatever's going on off the golf course and be able to focus on the golf course. Honestly, I've done nothing wrong. I'm not going to walk around any other way.

SANDERS: Over the course of his career, Mickelson has made over $73 million in official prize money. Sam Sanders, NPR News. Transcript provided by NPR, Copyright NPR.