The New York Post has published an update on the status of the Phil Mickelson insider trading scandal:
It’s a long, hot summer for billionaire investor Carl Icahn, golf legend Phil Mickelson and Las Vegas gambling hotshot William “Billy” Walters.
The high-profile trio could face white-collar prison — that’s low-security Club Fed, sans cocktails — if investigators finally nail them in their long, drawn-out insider-trading probe, The Post has learned.
Attorney Lathrop Nelson of Montgomery McCracken’s white-collar and government investigations practice told the Post:
“Assuming that the government can bring a successful criminal action against them — a term of imprisonment is not out of the question.”
Phil Mickelson is learning the government takes its rules far more seriously Tim Finchem takes his.