Lefty Paying back almost $1,000,000 made on insider trade

Discussion in 'The Bar' started by walterHwhite, May 19, 2016.

  1. walterHwhite

    walterHwhite Heisenberg

    Reputations:
    6,148
    Joined:
    Jun 29, 2014
    Messages:
    9,180
    Likes Received:
    6,002
    @Sea Slob :rofl:@hoochieking

    http://espn.go.com/golf/story/_/id/...ged-sec-allegedly-profiting-insider-stock-tip

    SEC: Phil Mickelson made almost $1M on insider trade, not criminally charge

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

    The SEC is seeking to recoup alleged Ill-gotten gains from Mickelson, who was not criminally charged. Mickelson's attorney said Thursday in a statement that the golfer has entered into an agreement with the SEC and will return all money from the trade in question.

    In its case, the SEC said Mickelson spoke with Walters, with whom he had placed bets, in 2012 about an upcoming spinoff of dairy company Dean Foods. Based on a tip Walters had received, the SEC alleged, Walters told Mickelson to buy the stock. Months after buying 240,000 shares, according to a companion criminal case, Mickelson then repaid Walters using the Dean Foods money, the SEC alleged.

    Walters was charged with insider trading and was arrested late Wednesday in Las Vegas. He will appear in court there Thursday, and is then scheduled to make an appearance before the United States District Court for the Southern District of New York on June 1.
     
  2. Sea Slob

    Sea Slob VIP Extreme VIP Gold

    Reputations:
    96,789
    Joined:
    Apr 25, 2012
    Messages:
    36,747
    Likes Received:
    29,574
    Makes sense to just pay it back :dontknow: He makes that on a weekend
     
  3. BobWeired

    BobWeired VIP Extreme Gold

    Reputations:
    104,594
    Joined:
    Jan 13, 2014
    Messages:
    32,180
    Likes Received:
    29,870
    I wish they would put that pussy in jail.
     
    Summer, Dirty South and zingger like this.
  4. banksy

    banksy Bye, Felicia VIP

    Reputations:
    19,430
    Joined:
    Dec 14, 2011
    Messages:
    82,267
    Likes Received:
    11,965
    Phil is the Teflon Don of golf.
     
    DiamondGoddess likes this.
  5. walterHwhite

    walterHwhite Heisenberg

    Reputations:
    6,148
    Joined:
    Jun 29, 2014
    Messages:
    9,180
    Likes Received:
    6,002
    Guess it's better than going to jail and spreading his ass wide open :grad:
     
    Summer and Dirty South like this.
  6. walterHwhite

    walterHwhite Heisenberg

    Reputations:
    6,148
    Joined:
    Jun 29, 2014
    Messages:
    9,180
    Likes Received:
    6,002
    :rofl:
     
    Dirty South likes this.
  7. RH Goatcabin

    RH Goatcabin One Man Four Banner Mafia 2010 OG POTY The Bar VIP Gold

    Reputations:
    51,041
    Joined:
    Oct 25, 2010
    Messages:
    116,775
    Likes Received:
    44,752
    Political lefty or left-handed?
     
    Summer likes this.
  8. NipplesAndToes23

    NipplesAndToes23 Former Vice Regent to the Bar POTY Gold

    Reputations:
    18,665
    Joined:
    Oct 13, 2010
    Messages:
    39,176
    Likes Received:
    27,685
    But the insider trading by people in Congress, no big deal. :facepalm:
     
    DiamondGoddess and Summer like this.
  9. banksy

    banksy Bye, Felicia VIP

    Reputations:
    19,430
    Joined:
    Dec 14, 2011
    Messages:
    82,267
    Likes Received:
    11,965
    Yes and!
     
  10. zingger

    zingger Well-Known Member Banned User

    Reputations:
    41,637
    Joined:
    Sep 18, 2010
    Messages:
    31,102
    Likes Received:
    5,895
    Pretty sure they threw Martha Stewart in the pen for the same shit
     
    DiamondGoddess and Summer like this.
  11. scrambler

    scrambler Well-Known Member 2010 OG

    Reputations:
    97,234
    Joined:
    Sep 18, 2010
    Messages:
    220,963
    Likes Received:
    51,021
    damn zingger
     
  12. crazypreacher

    crazypreacher Not followin whitey's rules

    Reputations:
    29,237
    Joined:
    Sep 1, 2010
    Messages:
    50,930
    Likes Received:
    53,407
    He has like three jets I think he'll be ok.
     
  13. ClintDagger

    ClintDagger The REAL Nature Boy - Exec VP Larry, Inc VIP

    Reputations:
    90,602
    Joined:
    Apr 9, 2014
    Messages:
    20,975
    Likes Received:
    74,649
  14. rolltide

    rolltide Well-Known Member VIP

    Reputations:
    21,804
    Joined:
    Jun 29, 2012
    Messages:
    6,911
    Likes Received:
    12,335
    White privilege
     
  15. Mlaw

    Mlaw Quite Contrarian 2010 OG VIP Gold

    Reputations:
    297,215
    Joined:
    Nov 5, 2010
    Messages:
    68,054
    Likes Received:
    35,329
    actually no, she got convicted of lying to FBI agents, they never proved the insider trading shit
     
    DarkFriday likes this.
  16. DarkFriday

    DarkFriday Judas Gold

    Reputations:
    598,712
    Joined:
    Jul 6, 2011
    Messages:
    218,467
    Likes Received:
    164,362
    :yes:
     
  17. Sharrack1

    Sharrack1 Well-Known Member VIP

    Reputations:
    -6,325
    Joined:
    Jan 19, 2014
    Messages:
    3,012
    Likes Received:
    3,087
    Lol.....10 yrs in the klink for you and me!