Phil Mickelson accused of insider trading

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PHIL MICKELSON

SAN DIEGO – Professional golfer Phil Mickelson has been accused of insider trading in a federal lawsuit, media sources reported Thursday.

Mickelson, a San Diego native and resident of  Rancho Santa Fe, is one of several defendants named in a complaint filed by the Securities and Exchange Commission, USA Today reported. Court documents allege that he made nearly $1 million by making trades made using information that was not available to the public.

A well-known sports gambler allegedly passed the insider information to Mickelson in July 2012, according to the media reports.

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