But which side he testifies for — the Securities and Exchange Commision or Walters — is in doubt because both are claiming him. Walters is accused of earning $40 million from illegal stocks tips — some of which he shared with Mickelson.
The feds have named Mickelson as a “relief defendant” over the more than $900,000 he earned, while stopping short of saying if he knew the tips were illegal.
Mickelson, who is said to have made the trades to pay off gambling debts to Walters, agreed to pay $1 million to settle the SEC’s case.
The feds have named Mickelson as a “relief defendant” over the more than $900,000 he earned, while stopping short of saying if he knew the tips were illegal.
Mickelson, who is said to have made the trades to pay off gambling debts to Walters, agreed to pay $1 million to settle the SEC’s case.