Mickelson named in insider trading investigation - San Diego, California News Station - KFMB Channel 8 - cbs8.com

Mickelson named in insider trading investigation

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    The New York Times and the Wall Street Journal report golf great and San Diegan Phil Mickelson is the subject of a federal probe involving insider trading. 
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SAN DIEGO (CBS 8) - Pro golfer and San Diego native Phil Mickelson is under investigation for alleged insider trading. He insists he's done nothing wrong.

Just a day after news of alleged insider trading, Mickelson wanted to get one thing straight.

"I have done absolutely nothing wrong, and that's why I've been fully cooperating with the FBI agents," he said.

At the center of the investigation is billionaire investor Carl Ichan. In 2011, he invested in the company Clorox, then proposed a $12.6 billion dollar takeover of the company, which sent stock shares soaring. The question is, did he tell Mickleson and well-known sports gambler Billy Walters about the deal before it was public, allowing them to cash in?

Golfers we spoke to at Torrey Pines like Brad Pilmer and his buddies haven't lost faith in Lefty.

"He's got such a solid reputation and for something to come out...out of the blue and for people to make judgment this quickly just isn't fair," golfer Brad Pilmer said.

"It doesn't change my opinion of him. We'll see when they do all the investigating, what they finally come out with," golfer Michael Caughell said.

Mickleson is currently ranked 11th in the world and has made over $70 million in his career on the course. And it's his stellar game that Chris Doyle would prefer to focus on.

"I've heard about it but I don't really pay too much attention to it. I'm more focused on how they're playing than the whole basis of it. I think that's more important. I don't really know if the game of golf has anything to do with anything he's dealing with," Doyle said.

And while it does, Mickleson says this probe won't affect him on or off the course.

"It's not going to change the way I carry myself. Honestly, I've done nothing wrong. I'm not going to walk around any other way," he said.

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