Professional golfer Phil Mickelson didn’t trade in shares or options of Clorox Co., his lawyer, Gregory Craig, said in response to news reports that a U.S. probe of alleged insider trading involves his client as well as gambler William Walters and billionaire Carl Icahn.
William “Billy” Walters, the Las Vegas gambler who U.S. authorities are said to be investigating in connection with possible insider trading in 2011 and 2012, was at the time facing a multimillion-dollar debt to the government over a soured golf-course deal, according to court records.
The Federal Bureau of Investigation is working with the U.S. Securities and Exchange Commission in a criminal probe of trading “anomalies” before the announcement of a deal to buy H.J. Heinz Co., said Peter Donald, a spokesman for the FBI’s New York office.
The probe of SAC Capital Advisors LP, which has led to insider-trading charges against the hedge fund and eight SAC employees, has snared an outside analyst who is accused of giving illegal tips to a former SAC manager.
Three former employees of a New York- based university were charged in a bribery scheme tied to research funded under a multi-million dollar grant from the U.S. National Institutes of Health on magnetic resonance imaging.