FBI and SEC Probe into Insider Trading Investigation of Carl Icahn, Billy Walters & PGA’s Phil Mickelson

Investor, Bettor, and Golfer Investigated for Insider Trading, Oh My!!!

The NY Times is reporting that federal authorities are investigating a series of well-timed trades made by PGA golfer Phil Mickelson and the gambler William T. Walters, focusing on trading in two different stocks from 2011 and 2012. The Feds are looking into whether Mickelson and Walters may have traded illegally on private information provided by billionaire investor Carl Icahn about his investments in public corporations. The stock trades in question are with Clorox in 2011 and Dean Foods in 2012.  As reported at the Business Insider Mickelson stated, “I have done absolutely nothing wrong. I have cooperated with the government in this investigation and will continue to do so.”

fbi-sec

Federal authorities are examining a series of well-timed trades made by the golfer Phil Mickelson and the gambler William T. Walters, people briefed on the investigation said, focusing on trading in two different stocks. The authorities are also questioning what role, if any, the investor Carl C. Icahn may have had in sharing information about one of the stocks: the consumer products company Clorox.

Mr. Mickelson, a three-time winner of the Masters golf tournament and one of the country’s highest-earning athletes, placed his Clorox trade in 2011, the people briefed on the investigation said. Mr. Walters, an owner of golf courses who is often considered the most successful sports bettor in the country, made a similar trade about that time, the people added.

Mr. Icahn, a 78-year-old billionaire and one of the best-known investors in the world, was mounting a takeover bid for Clorox around the time that Mr. Mickelson and Mr. Walters placed their trades.

The F.B.I. and Securities and Exchange Commission, which are leading the inquiry along with federal prosecutors in Manhattan, are examining whether Mr. Icahn leaked details of his Clorox bid to Mr. Walters, the people briefed on the investigation said. One theory, the people said, is that Mr. Walters might have passed that information to Mr. Mickelson.

 

Adam Scott, the Master of his Domaign and Owner of a Green Jacket … Wins Masters in Playoff Against Angel Cabrera … First Aussie to Win Masters

And the new MASTERS Champion comes from the Land Down Under!!!

Adam Scott wins The Masters on the second playoff hole defeating Angel Cabrera for his first major championship. I was also the first time any Australian golfer won the tournament as Adam Scott is now the proud owner of a Green Jacket. There is no doubt that they will be tipping back some beers back  and slip a couple more shrimp on the barbie in Australia celebrating this victory. The fantastic part about this was that Adam Scott won the Masters, no one lost it. Scott and Cabrera proved in shot after shot that it ain’t easy being green.

The battle between Scott and Cabrera down the stretch on 17 and 18 in regulation in the pouring rain as darkness set in was epic. Just minutes after Adam Scott made his 20 foot birdie putt on the 18th hole for a 3-under 69 to take a one-shot lead he screamed,”C’mon, Aussie!”  and high fived his caddie Steve Williams …  Cabrera answered with an amazing approach that landed 3 feet from the cup. Under the circumstances and the pressure, it was simply one of the greatest shots, and it had to be.  Cabrera would tap in the easy birdie and a 2-under 70, tie with Scott.

The two continued their Rocky-Apollo Creed golf battle into the playoff matching shot for amazing shot. Then on the second playoff hole, the 10th, with Cabrera just missing his birdie put, settling for par … Adam Scott drained a 12-footer for birdie to win the Masters and become the first Australian golfer ever to do so. KUDOS to Scott.

VIDEO - ESPN

“Do you come from a land down under? Where women glow and men plunder [win The Masters]. Can’t you hear, can’t you hear the thunder? You better run, you better take cover.”

Full Leaderboard can be seen HERE.

From ESPN:

With the two biggest putts of his career, Scott holed a 20-footer for birdie on the 18th hole of regulation that put him into a playoff with Angel Cabrera, and then won his first major championship Sunday with a 12-footer for birdie on the second extra hole.

Scott leaned back and thrust his arms in the air after the putt dropped on the 10th hole, a celebration for all of Australia and personal redemption for himself. It was only last summer when Scott threw away the Open Championship by making bogey on his last four holes to lose by one shot to Ernie Els.

The 32-year-old handled that crushing defeat with dignity and pledged to finish stronger given another chance. “Next time — I’m sure there will be a next time — I can do a better job of it,” he said that day.

Scott was close to perfect, and he had to be with Cabrera delivering some brilliance of his own.

They are partying Down Under like it was 1999 1983. Not since 1983 in Newport, RI when Australia II won the America’s Cup and ended the 132 year American reign as sailing champs has golf loving Australia celebrated a sporting event more than they will this Masters victory.

Posted April 14, 2013 by
Golf, Sports | no comments

More Sacrifice from the Obama’s as US Economy and Americans Struggle … Barack Obama Plays Golf with Tiger Woods & Michelle off with the Girls Out West to Ski

SHARED SACRIFICE AND SKIN IN THE GAME FOR THEE, NOT ‘FORE’ ME …

BARACK OBAMA, THE 1% PRESIDENT: This must be more of that shared sacrifice that President Barack Obama talks about. Oh that’s right, only we peons are supposed to sacrifice, not Obama or the First family. As a matter of fact, not only is the First family not sacrificing, they are doing one better. Barack Obama, Michelle and the first kids are on separate vacations costing the tax payers double. Obama is down in Florida golfing with Tiger Woods and getting golf lessons from Butch Harmon. The golf foursome is being completed by United States Trade Representative Ron Kirk and Houston Astros owner Jim Crane. You know, exactly what the rest of the 99% can do every day. Meanwhile, Michelle Obama is off skiing with the girls out West on a separate vacation. As Americans continue to struggle, record numbers are on food stamps and disabilities, and individuals are still out of work … Obama sets the example and plays golf.

Just curious, where is Barack Obama’s skin in the game?

 

President Barack Obama hit the greens Sunday with famed golfer Tiger Woods, according to deputy White House press secretary Josh Earnest.

Obama is spending President’s Day weekend at a sprawling resort in Palm City, Florida, where he’s polishing his golf game. On Saturday, he worked on his swing with Woods’ former coach, Butch Harmon.

The White House did permit press coverage of the golf outing Sunday.

Along with Woods, Obama played with U.S Trade Representative Ron Kirk and Jim Crane, a Democratic donor who owns the resort and the Houston Astros. Obama played with Kirk and Crane on Saturday, as well.

PGA Golfer Phil Mickelson May Retire or Move from California After Democrats Rob Him of 62% of His Income

WELCOME TO BARACK OBAMA’S CLASS WARFARE WORLD … Is the Obama tax increase going to force golfer Phil Mickelson to retire, maybe.

In an interview with Forbes, PGA golfer Phil Mickelson stated that he may retire and/or move from California as Obama and Democrat tax increases now take more than 62% of his income. Thanks to Barack Obama, Democrats, Obamacare and the state of California, Mickelson will see far less money at years end. Due to the fiscal cliff bill, Mickelson will experience an increase in his top tax rate on ordinary income from 35% to 39.6%, and an increase in his top rate on long-term capital gains and qualified dividends from 15% to 20%. Also, because Obama allowed the expiration of the temporary 2% reduction in the payroll tax rate on the first $113,700 of self-employment income. Wait, there is more. Thanks to Obamacare, Mickelson will be liable for an additional 0.9% tax on his self-employment income and 3.8% tax on his net investment income after each exceeds $250,000.  However, it does not stop there, the folks of California actually passed a proposition to increase taxes. In November, California passed Proposition 30, which increases the top income tax rate on resident millionaires to 13.3%.

Word is, Phil Mickelson is mad as hell about rising tax rates, and he’s not going to take it anymore.  What follows is a brief portion of an interview Mickelson gave earlier today after carding a final-round 66 at the Palmer Course at PGA West in La Quinta – which I assure you, is not associated with the La Quinta next door to your local Denny’s – in which the golfer hinted that he is considering drastic career changes because of a combined tax rate nearing “62, 63 percent:”

Q. When you’re asked about Stricker’s semi-retirement, with the political situation the last couple months, blah, blah, blah, what did you mean by that? Do you find it an unsettling time in a way?

PHIL MICKELSON: Well, it’s been an interesting offseason. And I’m going to have to make some drastic changes. I’m not going to jump the gun and do it right away, but I will be making some drastic changes.

Why wouldn’t one question working hard, entering as many tournaments as Phil does and being away from his family when between the feds and state they take more than 60% of his income. All this so Obama and the libs in California can redistribute his hard work to slackers.  Makes all the sense in the world, those that work their tail off, to have the fruits of their labor given to those who don’t. Welcome to Obamaland.

Now that the Election is Over … Barack Obama is back to Playing Golf

Unbelievable, the only thing that has prevented President Barack Obama from playing golf was his reelection. The Golfer in Chief has returned.

Looks like we are getting the same old Barack Obama, he is now back on the golf course as the Middle East burns and America is headed off the fiscal cliff.  Sadly, the American voters have decided to make the next four years just more of the same. Nothing could prevent Obama from playing golf except his reelection. Not a US economy in crisis, a national debt of +$16 trillion, record number of Americans on food stamps, record low job participation rate of Americans, the impending fiscal cliff and US soldiers paying the ultimate sacrifice for their country. Nope, only his reelection was the most important thing for Obama to prevent him from playing golf. Now he’s back to his old games that the election is over.

President Barack Obama is spending his first Saturday after winning reelection on the golf course. Today’s outing is to the course on Andrews Air Force Base.

“Motorcade arrived at Andrews Air Force Base at 11:01 am after an uneventful ride,” the pool report reads. “President Obama is playing golf with three White House aides: Eugene Kang, Joe Paulson and trip director Marvin Nicholson, according to a White House official. Pool is holding at the Andrews fast food court for the next few hours.”

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