It looks like professional golfer Phil Mickelson could be in some serious trouble over the next few months. On Thursday morning, it was announced that Mickelson has been sued by the US Securities and Exchange Commission for nearly $1 million due to what could end up being a felony.
The lawsuit is for $930,000, which the golfer reportedly made due to insider trading, a possible federal crime. According to TMZ, Mickelson received a tip about Dean Foods company from famed sports gambler Billy Walters.
If this lawsuit turns out to be in favor of the SEC, Phil Mickelson will likely have to turn over the large sum of money to the Commission. It may be in the golfer’s best interest to settle the suit outside of court since it could drag him into even more legal trouble.
However, I think he will be just fine with paying for this lawsuit.
Through his near 25-year career, Mickelson has made roughly $79 million.
*Featured Photo (above) credit to USA TODAY Sports