US Open

Phil escapes charges in probe

2014-06-12 18:19
Phil Mickelson (AFP)

New York - FBI agents investigating an insider stock trading case have no plans to charge Phil Mickelson after finding no evidence he traded Clorox shares, the New York Times reported Thursday.

The five-time major golf champion teed off in his first round Thursday morning at the 114th US Open at Pinehurst seeking a victory to complete a career grand slam after finishing second in the event a record six times.

The Times had reported details of the original investigation two weeks ago, but backed off on Mickelson, saying his role had been previously overstated by sources who have since admitted being mistaken.

The latest report said Mickelson had been informed by a federal agent that charges were not expected to be filed against him.

Mickelson denied any wrongdoing in the matter, which linked him to investor Carl Icahn and gambler Billy Walters, who remain under investigation for timely trading of Clorox stocks to maximize profits.

The newspaper reported that Mickelson and Walters remain subjects of an investigation involving timely trading of stocks in Dean Foods.

FBI agents are pursuing a criminal probe while the Securities and Exchange commission is running a civil investigation into the trade deals.

Read more on:    pga tour  |  us open  |  phil mickelson  |  golf

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