Phil Mickelson to forfeit nearly $1 million in SEC case
May 19, 2016 9:11 PM -
The Securities And Exchange Commission is filing a complaint against golfer Phil Mickelson related to insider trading. The SEC says in 2012, high-profile sports bettor Billy Walters called Mickelson, who owed him money, and urged him to trade Dean Foods stock. The SEC says Mickelson did so the next day and made a profit of $931,000. The SEC says Walters received tips and business information about Dean Foods Co. from former Dean Foods director Thomas Davis between 2008 and 2012.