Saturday, May 31, 2014

Phil Mickelson On Insider-Trading Probe: ‘I have done absolutely nothing wrong’

WaPo reports:
Phil Mickelson said he has cooperated with a government investigation into possible insider trading and maintains that he has “done absolutely nothing wrong.”
Mickelson found himself making front-page headlines when the Wall Street Journal and New York Times late Friday reported that he, investor Carl Icahn and Las Vegas gambler William T. (Billy) Walters are the subjects of an investigation by the FBI and the Securities and Exchange Commission  into possible illegal trades allegedly made by Mickelson and Walters based on nonpublic information they may have obtained from Icahn about his investments in public companies.
“I have done absolutely nothing wrong. I have cooperated with the government in this investigation and will continue to do so,” Mickelson, who is playing in the Memorial this weekend in Dublin, Ohio, said in a statement issued by his manager Saturday morning. “I wish I could fully discuss this matter, but under the current circumstances it’s just not possible.”
For the record, insider trading is a government created "crime" used to protect the establishment. SEE:  Judge Needs a Lesson in Finance and Economics and, also, Insider Trading and the Stock Market by Henry G. Manne.


  1. “I have done absolutely nothing wrong." If that isn't an admission of "insider trading," I don't know what is.

  2. Remember when Phil complained about paying his taxes a year ago? The DOJ doesn't like it when slaves complain about their involuntary servitude.

    1. Taxes are entirely voluntary. Every government official will be quick to tell you that.

    2. "Taxes are entirely voluntary. Every government official will be quick to tell you that."

      Yeah. until you're in a cage or dead in a pool of your own blood. They have a different definition of "voluntary" than I do.