Golfer Phil Mickelson Agrees to Repay Nearly $1 Million

The video discusses a legal case involving insider trading and gambling debts. It explains how information was shared among individuals, the motivations behind their actions, and the legal implications. The case resolution involved financial restitution without admission of guilt, highlighting the complexities of proving insider trading.

What was the primary requirement for the individual to avoid legal trouble?

• Admit guilt in court

• Perform community service

• Serve a short jail sentence

• Pay back the proceeds earned

Who was the source of the insider information?

• Phil Mickelson

• Mr. Davis

• A random tipster

• A government official

What outdated method was used to communicate insider information?

• Pagers

• Emails

• Burn phones

• Fax machines

Why was Mickelson not prosecuted for insider trading?

• He had a strong alibi

• He was a first-time offender

• The law had changed recently

• It was difficult to prove he knew it was insider information

What could be a potential consequence for Mickelson despite the legal closure?

• Loss of endorsements

• Increased gambling debts

• A ban from golfing

• A public apology