- Obama not worried about Ebola at upcoming African summit in D.C.
- Obama: ‘We tortured some folks’ after 9/11
- Obama administration asked whole D.C. Circuit to take on major Obamacare case
- Mark Levin: Topple GOP leadership or country will ‘unravel’
- Massachusetts to let police chief deny gun buys to those deemed unfit
- John Kerry condemns attack on Israeli soldiers, kidnapping
- U.S. starts to evacuate American Ebola patients from West Africa: Report
- Geraldo slammed as ‘dummy’ for backing Clinton’s bin Laden claim
- Israeli spokesman: No need to debate who broke the cease-fire
- 35 Palestinians killed; Israeli officer missing
Mickelson says he’s cooperating in trading probe
Question of the Day
DUBLIN, Ohio (AP) - Hall of Fame golfer Phil Mickelson confirmed that FBI agents investigating insider trading approached him this week at the Memorial Tournament. The five-time major champion said Saturday he has done “absolutely nothing wrong.”
A federal official briefed on the investigation told The Associated Press 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.
The official was unauthorized to speak about the investigation and spoke to the AP on condition of anonymity. Reports of the investigation appeared in several newspapers, including the Wall Street Journal.
He said it would not affect his preparations for the U.S. Open in two weeks, the only major he lacks for the career Grand Slam.
“It’s not going to change the way I carry myself,” Mickelson said after an even-par 72 left him far behind the leaders. “Honestly, I’ve done nothing wrong. I’m not going to walk around any other way.”
The federal official told the AP that 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.
After a brief interview, Mickelson stepped outside and signed autographs for about 20 minutes, like it was any other day at a tournament. Fans were supportive as ever on the golf course, and Mickelson gave away so many golf balls to children that his caddie asked a tour official to retrieve more balls from his locker when they reached the turn.
Mickelson wouldn’t discuss details about his relationship with Walters, a multimillionaire who owns several golf courses and auto dealerships. He wouldn’t talk about stock tips he received, but reiterated that he did nothing wrong.
“And that’s why I’ve been fully cooperating with the FBI agents, and I’m happy to do in the future, too, until this gets resolved,” he said.
Icahn, 78, is one of Wall Street’s most successful corporate raiders, famous for buying stock in underperforming companies, pressuring them to reform and selling out for a fat profit. In recent years, his targets have included Apple Inc., eBay and Dell Inc. His efforts have made him one of America’s richest people: Forbes magazine puts his net worth at more than $20 billion, making him the 18th-wealthiest American.
In the 1980s, he pioneered so-called greenmail raids in which financiers threatened companies with hostile takeovers unless they were paid a premium to go away.
By Orrin G. Hatch
Procedural changes impede the chamber's traditional deliberative function
- Border agents cleared of civil rights complaints from illegal immigrant children
- U.N. condemns Israel, U.S. for not sharing Iron Dome with Hamas
- Ben Carson takes major step toward presidential campaign
- Obama military strategy too weak for future security, panel reports
- Porn-surfing feds blame boredom, lack of work for misbehavior
- Feds raid S.C. home to seize Land Rover in EPA emission-control crackdown
- CRUZ: A tale of two hospitals: One in Israel, one in Gaza
- Ted Nugent slams 'lying freaks' at liberal media: I'm 'doing God's work'
- ON THE RUN: Competition for Redskins backup running back is heating up
- Obama vows veto of House border bill
Top 10 U.S. military helicopters
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors