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Golf Icon Phil Mickelson Refutes Claims Of Insider Trading Involvement, Says, 'I Make No Trades Whatsoever'
Yahoo Financeยท 2025-11-01 21:44
Core Viewpoint - Phil Mickelson has denied allegations of insider trading related to Sable Offshore Corp, claiming the accusations are unfounded and suggesting they may be an attempt at stock manipulation [1][2]. Group 1: Allegations and Responses - Hunterbrook Media published a report alleging that Sable Offshore's CEO, Jim Flores, disclosed non-public information about the company needing to raise up to $200 million by the end of 2025 to select investors [2]. - Mickelson is accused of sharing this non-public information after a conversation with Flores, which he vehemently denies, stating he makes no trades and is extremely cautious [2][3]. - In a post on X, Mickelson characterized the allegations as slanderous and suggested that the publication itself may be engaging in stock manipulation [2]. Group 2: Legal Implications - If the allegations against Mickelson are proven true, he could face serious legal consequences, marking another instance of his involvement with insider trading claims [3]. - Mickelson previously settled a case with the SEC in 2016 related to insider trading, paying over $1 million, although he was not formally charged [3].