In their statement, Mickelson's management representatives said he wasn't losing any endorsement deals over the inside trading episode. The SEC says Mickelson made the trade the next day and reaped a profit of $931,000 that he used to help pay off the debt. Davis, 67, who resigned from Dean Foods' board of directors last year, has already pleaded guilty in the case and is cooperating with the investigation, Bharara said at the news conference. It says that one month later, Mickelson repaid Walters "in part with the proceeds of his trading." The complaint alleges that Mickelson had placed bets with Walters before the stock tip, and that the golfer owed Walters money at the time of the trading.

Source: New Zealand Herald May 19, 2016 11:38 UTC