Mickelson Says He's Cooperating in Trading Inquiry

By Doug Ferguson

DUBLIN, Ohio -- Hall of Fame golfer Phil Mickelson said he is cooperating in an insider trading investigation involving him, activist investor Carl Icahn and Las Vegas gambler Billy Walters. The five-time major champion maintains he has done nothing wrong.

Mickelson's manager confirmed Saturday that the investigation was the same outlined in reports in several newspapers, including The Wall Street Journal.

The newspapers report that federal investigators are looking into the trading patterns of Mickelson and Walters involving two stocks. The reports say the FBI and Securities and Exchange Commission are analyzing trades Mickelson and Walters made involving Clorox (CLX) about the time Icahn was attempting to take over the company.

The newspapers cited unidentified people who had been briefed on the investigation. The Associated Press could not immediately confirm details of the investigation. The Justice Department and SEC declined comment.

Mickelson, one of the most popular figures in golf, was playing at the Memorial was unavailable for comment until after his round Saturday.

"I have done absolutely nothing wrong," Mickelson said in a statement. "I have cooperated with the government in this investigation and will continue to do so. I wish I could fully discuss this matter, but under the current circumstances it's just not possible."

The reports say the investigation is looking at Clorox trading in 2011. Icahn accumulated a 9.1 percent stake in Clorox in early 2011, and that summer made a $10.2 billion offer for the company that caused the stock value to rise. Icahn's bid for Clorox ended in September 2011.

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