Phil Mickelson not charged by SEC after allegedly profiting off insider stock tip

May 19, 2016 2:32 PM

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The Securities and Exchange Commission on Thursday alleged golfer Phil Mickelson made $931,000 after purchasing stock on an insider trading tip from noted sports gambler Billy Walters and then used some of the money to pay back Walters, to whom he allegedly owed money.

As part of the alleged Ill-gotten gains, the SEC is seeking to recoup that money from Mickelson, who was not criminally charged.

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