Phil Mickelson Lost $40 million Gambling
Posted: Fri May 06, 2022 6:02 pm
Phil Mickelson's love of gambling is one of his defining characteristics. Now, a new book is reporting just how much that love cost him between 2010 and 2014: $40 million.
An excerpt of the book "Phil: The Rip-Roaring (and Unauthorized!) Biography of Golf’s Most Colorful Superstar," due to be published May 17, breaks down in thorough, agonizing detail just how much money Mickelson lost over that period.
Mickelson's losses were recorded in documents compiled by government auditors doing a forensic analysis of his finances in connection with an insider trading case. Billy Walters, a professional gambler, was accused of insider trading; Mickelson, an associate of Walters', was not charged, but paid back roughly $1 million in gains earned via Walters' tips. Walters, for his part, was sentenced to five years in prison and fined $10 million.
https://www.sportsnet.ca/golf/article/n ... ng-losses/
An excerpt of the book "Phil: The Rip-Roaring (and Unauthorized!) Biography of Golf’s Most Colorful Superstar," due to be published May 17, breaks down in thorough, agonizing detail just how much money Mickelson lost over that period.
Mickelson's losses were recorded in documents compiled by government auditors doing a forensic analysis of his finances in connection with an insider trading case. Billy Walters, a professional gambler, was accused of insider trading; Mickelson, an associate of Walters', was not charged, but paid back roughly $1 million in gains earned via Walters' tips. Walters, for his part, was sentenced to five years in prison and fined $10 million.
https://www.sportsnet.ca/golf/article/n ... ng-losses/