NYT: No Evidence Phil Mickelson Engaged in Insider Trading

NYT: No Evidence Phil Mickelson Engaged in Insider Trading

There is reportedly no evidence that golfer Phil Mickelson engaged in insider trading, and the federal government’s investigation was “overstated” by media outlets like the Wall Street Journal and the New York Times.

“The F.B.I. and the Securities and Exchange Commission have found no evidence that Mr. Mickelson traded Clorox shares,” The New York Times wrote on Thursday. “The overstated scope of the investigation came from information provided to The Times by other people briefed on the matter who have since acknowledged making a mistake.”

Mickelson reportedly still faces “an investigation over separate well-timed trades they made in Dean Foods in 2012 just before the company’s stock soared.”

After playing the first round of the U.S. Open at Pinehurst on Thursday, Mickelson said he has done nothing wrong but did not comment further given the investigation and his promise to cooperate with authorities. He emphasized that the investigation, which was first leaked to the Wall Street Journal, has not distracted him because he had not done anything that was illegal.