Phil Mickelson is back in the crosshairs of the Feds as the SEC is closing in on charging him with insider trading.
Remember a few years ago when we heard that PGA Tour legend Phil Mickelson was being investigated for insider trading? Turns out that despite the fact we didn’t hear much about the case in the years between, the Feds never lost interest.
In fact, the case was only building over the years — Wolf of Wall Street style — and things are starting to come to a head.
According to multiple reports, Mickelson is getting pinched — or the groundwork has been laid for such a thing — over insider trading.
BREAKING: US Securities and Exchange Commission files complaint against pro golfer Phil Mickelson for insider trading.
— The Associated Press (@AP) May 19, 2016
According to a separate report, Mickelson reportedly made close to $1 million on insider trading tips.
This isn’t the first time that the Feds have come after Mickelson for insider trading, but the fact that the case hasn’t gone anywhere in the years between hearing about it publicly is not a good sign.
To be clear, he’s not going to be charged criminally, but he has been named in a lawsuit — which really isn’t that much better.
While he hasn’t been arrest for this like he’s Jordan Belfort or something, the SEC is looking to come down hard on Mickelson and his associates and this could get ugly.
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