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PHIL MICKELSON TIED TO MONEY LAUNDERING

PHIL MICKELSON TIED TO MONEY LAUNDERING
A year after Phil Mickelson’s name was attached to a federal investigation for insider trading, the golfer is now reportedly tied to an illegal gambling operation. According to Mike Fish and David Purdum of ESPN, “nearly $3 million transferred from golfer Phil Mickelson to an intermediary was part of ‘an illegal gambling operation which accepted and placed bets on sporting events,’ according to two sources and court documents obtained by Outside the Lines.” Per the report, Mickelson has not been charged with a crime and isn’t under investigation, though “a 56-year-old former sports gambling handicapper, acting as a conduit for an offshore gambling operation, pleaded guilty last week to laundering approximately $2.75 million of money that two sources told Outside the Lines belonged to Mickelson.” Gregory Silveira of La Quinta, California, the aforementioned handicapper, pleaded guilty to three counts of money laundering. Last year, Mickelson was cleared of any wrongdoing in the insider trading investigation involving Clorox stock, and it is still unclear if he is under investigation or a person of interest in another investigation regarding Dean Foods stock. It remains to be seen if Mickelson will become the subject of an investigation as the gambling client referenced in Silveira’s plea—if prosecutors indeed believe Mickelson was that client—or if prosecutors were more interested in targeting Silveira.