Newsclip®: [Sports] Phil Mickelson to forfeit nearly $1 million in SEC case - seattlepi.com

"NEW YORK (AP) — The professional golfer Phil Mickelson has agreed to forfeit nearly $1 million that the Securities and Exchange Commission said was unfairly earned on a tip from an insider trading scheme conducted by a former corporate director and a professional gambler. Federal prosecutors announced criminal charges Thursday against a gambler named William Walters and a former director of Dean Foods, Thomas Davis, alleging that the pair used inside information about the company to make millions of dollars in illicit stock trades between 2008 and 2012. [...] he has entered into an agreement with the SEC under which he will return all the money he made on that 2012 investment, it said. From 2008 through 2012, the SEC said, Davis passed Walters highly confidential information on Dean Foods, including sneak previews of at least six of the company's quarterly earnings announcements and advance notice of the spin-off of its profitable subsidiary, WhiteWave Foods Co. In", www.seattlepi.com


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