A Las Vegas gambler accused of orchestrating an insider trading scheme involving pro golfer Phil Mickelson posted a $1 million bond to be freed from federal custody in Nevada ahead of a June 1 court date in U.S. District Court in New York. Former Dean Foods Co. board member Thomas Davis pleaded guilty this week in the case and promised to cooperate in the investigation. Professional golfer Phil Mickelson has agreed to forfeit nearly $1 million dollars that the Securities And Exchange Commission says he earned in an illegal insider trading scheme.
More...