Report: Phil Mickelson involved in insider trading investigation

By Kyle Porter | Golf Writer

Phil Mickelson could be in some hot water. (Getty Images)
Phil Mickelson could be in some hot water. (Getty Images)

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Phil Mickelson is used to finding his way out of trouble on the course and now he might have to do so off the course, as well.

The Wall Street Journal is reporting that Mickelson is the focus of an investigation by the FBI and SEC regarding insider trading between Mickelson, a Las Vegas bettor named Billy Waters, and investment trader Carl Icahn.

"The Federal Bureau of Investigation and the Securities and Exchange Commission are examining whether Mr. Mickelson and Mr. Walters traded illicitly on nonpublic information from Mr. Icahn about his investments in public companies, people briefed on the probe said."

Mickelson's team sees it differently.

"'Phil is not the target of any investigation. Period,' said a lawyer for Mr. Mickelson, Glenn Cohen, on Friday, adding that an FBI agent had told him Mr. Mickelson wasn't a target. The FBI declined to comment on Mr. Cohen's statement."

One other problem for Mickelson. According to Golf Channel Mickelson was met by some folks within the investigation.

"Authorities met with Mickelson after Thursday's opening round of the Memorial Tournament at Muirfield Village seeking to speak with him about the investigation. According to the report, Mickelson referred the agents to his attorneys."

The report goes on to say Icahn doesn't even know who Mickelson is (I find this hard to believe) but that Walters and Lefty golf together and that could be your link.

Mickelson is currently T37 at the Memorial Tournament.

For more golf news, rumors and analysis, follow @EyeOnGolf and @KylePorterCBS on Twitter or Google+ and like us on Facebook.

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