Phil Mickelson Will Repay Gains From Dean Foods Trades

The transcript discusses a case of insider trading involving golf buddies Walters, Davis, and Mickelson. Walters and Davis engaged in a systematic scheme using insider information for financial gain. Mickelson, although not charged, was involved as a relief defendant. Davis pled guilty, while Walters is fighting the charges. The case highlights the use of prepaid phones and code words to execute trades based on non-public information.

What relationship did Mickelson have with Walters and Davis?

What accusations are made against Walters in relation to insider trading?

What is the significance of Mickelson being labeled a relief defendant?

How did Davis's actions contribute to the insider trading scheme?

What was the outcome for Davis after pleading guilty?