Phil Mickelson accused of insider trading
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.