Did you hear the one about the Vegas gambler, the Pro golfer, and the Wall Street insider? Straight off the pages of some Hollywood script, the
Wall Street Journal reports that Federal investigators are pursuing a
major insider-trading probe involving finance, gambling and sports, examining the trading of
investor Carl Icahn, golfer Phil Mickelson and Las Vegas bettor William “Billy” Walters. All three men have denied any investigations or “no comment”-ed about
“well timed” stock trades in Clorox in 2011 – around the time Icahn made a $10.2bn bid for the company. Mr. Walters and Mr. Mickelson, 43, play golf together; and rather comedically,
Mr. Icahn said he didn’t know who Mr. Mickelson was…?
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