One big news event after another for PHIL as SEC

[quote="gophil36"]Sorry I couldn't post the article but I'm operating with only an uncooperative phone this weekend.

Wasn't hard to find and it was also on the twitter feed today. Hopefully the people who are crucifing Phil will read it.

That's good. Most people are uninformed and don't know how it works. Ignorant comments by the haters. Phil's immediate image has to have taken a hit but all should be well if he stays away from certain characters.

When is Phi scheduled to play again?

gophil36 wrote:When is Phi scheduled to play again?

Memorial, St Jude then US open.. I hope he checks out Oakmont I've read many of the players have checked it out and say it's brutal.

The part I don't understand, aside from Phil making $45-49 million/yr and needing to do this stock thing to pay off what he owes.....dip into that money you make? But not sure how he gets to pay off Walters, he puts in $2.4 mill, makes $0.94 mill profit, but it was done from "Walters' account", so shouldn't Walters be the one 'profiting'? How do you do transactions from within someone else's account? Still Phil's fault for playing around with guys like that.

gophil36 wrote:I just read a sporting news piece that said he should be suspended. It also said that if he'd gambled on golf it would have been uncovered. A point was made which I also find strange and that is why didn't he just pay Walters? He should have been able to scrape up the money. Dumb move. Hope he's not in over his head. The haters will enjoy the moment and those who support Phil will move on.

I hope that he can now concentrate on golf! Lots we'll never know about Phil's life.  Good thing as I don't need more to worry about.   I am certain that the same thing can be said for most other high profile news makers.

bulls9999 wrote:The part I don't understand, aside from Phil making $45-49 million/yr and needing to do this stock thing to pay off what he owes.....dip into that money you make?  But not sure how he gets to pay off Walters, he puts in $2.4 mill, makes $0.94 mill profit, but it was done from "Walters' account", so shouldn't Walters be the one 'profiting'?  How do you do transactions from within someone else's account?  Still Phil's fault for playing around with guys like that.

gophil36 wrote:I just read a sporting news piece that said he should be suspended. It also said that if he'd gambled on golf it would have been uncovered. A point was made which I also find strange and that is why didn't he just pay Walters? He should have been able to scrape up the money. Dumb move. Hope he's not in over his head. The haters will enjoy the moment and those who support Phil will move on.

I didn't hear they were from Walters account.??. I think Phil was looking for a quick way to pay off his gambling  debt and Walters made it look risk free EVEN with Phil laying out 2.4 million to get it.  STILL RISKY and gotta believe Phil was naïve... how would he risk is  losing his sponsors for that.  Remember a few months ago the money laundering case involving off shore gambling was linked to a person named PM and then initials were  deleted from complaint afterwards. Phil needs to scale down this gambling it looks bad even though he can obviously afford it.  I can see Walters writing a book while in jail and making Phil look bad since it appears Phil is the one who helped them nail Walters.

If Phil gets asked about it Im sure he still wont be able to comment because Walters will be going to trial.

http://www.washingtontimes.com/news/2016/may/23/snyder-phil-mickelsons-insider-trading-revelations/?page=2

This story unfortunately isn't going to bed . I hope Phil doesn't get a suspension. His playing stats are really good and everyone says he's done everything but win this year and for that to happen boy.... this whole thing makes my stomach turn!!

new article just out. Now they are digging g up Phils past gambling issues

http://www.wsj.com/articles/golfer-phil-mickelsons-gambling-entanglements-put-legacy-on-line-1464209779

Pay wall is blocking that link, here's the text. Nothing new or earth-shattering here that I see.

Golf star Phil Mickelson ’s appetite for risk helped propel him to three Masters titles, but it also may have been a driver of the gambling that brought him unwelcome headlines and put him in direct contact with people who were allegedly engaging in illegal behavior.
Twice in the past year, separate criminal charges have been filed against people with whom he was involved in gambling transactions, including insider-trading charges announced last Thursday.
Mr. Mickelson wasn’t charged with wrongdoing in either case, but he has agreed to pay a $1 million settlement to the Securities and Exchange Commission in one. And the persistent reports about his gambling have swirled around one of golf’s most popular stars, who earns millions each year from endorsements and other off-the-course income that depends on his image.
Mr. Mickelson isn’t the first professional athlete to have been publicly known to rack up wagering losses, including fellow golfer John Daly who wrote in a book that he lost $50 million to $60 million on gambling.
Mr. Mickelson’s betting also was sizable. He was a well-known figure in Las Vegas in the late 1990s and early 2000s among casino employees and was known to bet heavily on baccarat and football games, a person familiar with his gambling there said.
Between October 2000 and June 2003, Mr. Mickelson lost nearly $2.5 million gambling in Las Vegas casinos, according to a gambling credit report used by casinos to evaluate their customers and being reported for the first time by The Wall Street Journal. He also gambled heavily there between 1995 and 1997, the records show.
The report indicates that all the debts were settled and that Mr. Mickelson was a “preferred” customer, who on occasion was allowed to—and did—exceed his credit lines by hundreds of thousands of dollars. The report was created in 2003 and so wouldn’t reflect any gambling Mr. Mickelson may have done afterward. It also wouldn’t reflect any of Mr. Mickelson’s winnings.
In a statement last Thursday, his lawyers said he felt vindicated that he wasn’t charged in the insider-trading case, but that he “regrets any appearance that, on this occasion he fell short” of the standards his sponsors expect.
“He takes full responsibility for the decisions and associations that led him to becoming part of this investigation,” the statement said.
Mr. Mickelson’s representatives didn’t respond to requests for further comment.
When he was younger, Mr. Mickelson’s bets became a source of public amusement and fascination.
In the summer of 2000, while on a visit to Las Vegas, Mr. Mickelson bet that the Baltimore Ravens would win the Super Bowl. The $20,000 bet netted $540,000 the following January. Mr. Mickelson is reported to have told a USA Today reporter that he let friends and family members participate in the bet.
Rob Mangini, a friend and former college teammate, told the Journal in 2014 that he had a piece of the bet and that the event revealed Mr. Mickelson’s generosity. Mr. Mangini didn’t return calls seeking further comment Friday.
But Mr. Mickelson also got some negative publicity in 2001, when the PGA Tour said that he had committed a “technical violation” of tour regulations that prohibit gambling on PGA events. He bet another golfer that Jim Furyk would hole a bunker shot for par against Tiger Woods in a golf tournament. The bet won Mr. Mickelson $500, according to Golf World magazine.
PGA spokesman Ty Votaw in an interview last Friday declined to say whether Mr. Mickelson had received a fine for the infraction.
In 2014, when the Journal first reported that Mr. Mickelson was under investigation for insider trading involving William “Billy” Walters, a legendary sports bettor, both Mr. Mangini and Jim Strickland, another former golf teammate at Arizona State University, said they believed Mr. Mickelson had stopped making all but friendly wagers more than a decade before.
Gambling “wasn’t a positive thing for him and it wasn’t a positive thing for these companies paying him a very large amount of money,” Mr. Strickland said at the time.
Mr. Mangini said he and Mr. Mickelson stopped going to Las Vegas together after “it got too hot for Phil.”
Reached Friday, Mr. Strickland said he didn’t recall speaking to a Journal reporter. He said he had no comment about Mr. Mickelson.
It is clear that Mr. Mickelson hadn’t stopped making big bets.
Last Thursday, the Securities and Exchange Commission said in a court filing that Mr. Mickelson had placed bets with Mr. Walters and owed him money for gambling losses.
Mr. Walters urged Mr. Mickelson in July 2012 to buy Dean Foods Co. stock, in which the golfer had never traded before, based on inside information that Mr. Walters allegedly had obtained about the spinoff of one of its divisions, prosecutors said.
Mr. Mickelson earned $931,000 in profits by selling the stock after it surged 40% on the spinoff news, using it to repay gambling debt to Mr. Walters, authorities said. He has now agreed to pay about $1 million to the SEC for his profits plus interest.
Mr. Walters faces an indictment for allegedly profiting and avoiding losses of $40 million based on numerous illegal tips he got about the company. Mr. Walters’s attorney, Barry Berke, said his client is a victim of erroneous assumptions.
Mr. Mickelson met Mr. Walters during the time they spent in Las Vegas in the early 1990s, when he was starting out as a professional golfer. 
Mr. Walters has been the subject of government probes since the 1980s, resulting in four indictments related to gambling but no convictions. Mr. Walters denied wrongdoing in all of the cases.
Mr. Mickelson also was caught up in a case of a California man who pleaded guilty to money laundering last year for agreeing to send $2.75 million of Mr. Mickelson’s money to an offshore gambling company for betting, court documents show.
Mr. Mickelson paid the gambling debts in 2010 with a wire transfer through Gregory Silveira, a California man described by prosecutors as a bookmaker, according to court records and people familiar with the matter.
Mr. Silveira pleaded guilty last year to money-laundering charges brought by federal prosecutors in California in connection with an illegal gambling business. Mr. Silveira, who this year attempted unsuccessfully to withdraw his guilty plea, and his attorney didn’t return calls seeking comment.
Mr. Silveira said in court documents that he became friends with golfers and agreed to move money to an offshore betting company as a personal favor to one of them. At one point, he said, he issued a $1 million cashier’s check to a gambler who people familiar with the case identified as Mr. Mickelson.

Since the association with professional gamblers and bookmakers is old news, I have been wondering if there's a chance that his association with Walters, etc has been dealt with by the tour.  Has he had a vacation from golf long enough to have been a suspension?  I can't believe that he would put his Ryder Cup captaincy and final playing years, to say nothing of his reputation in jeopardy.  I guess addictions rule, but you'd think if there's truth to these matters that his team would have reeled him in. Feeling bad for Bones right now.  Let's hope that Phil pkays good golf and stays out of the off course news!