Reported by GABRIELLE HERZIG

According to a new excerpt of Billy Walters’s autobiography, Gambler: Secrets From a Life at Risk, Walters writes that Phil Mickelson not only escaped the insider trading investigations that ultimately put Walters in prison, but also a separate money-laundering probe that originated in the spring of 2010. 

In an excerpt released last week, Walters alleged that Mickelson bet more than $1 billion on sports and also attempted to wager on the 2012 Ryder Cup in which he would compete. Mickelson subsequently denied ever betting on the Ryder Cup in a statement to Sports Illustrated. 

In the follow-up excerpt, first published by The Fire Pit Collective, Walters alleged that Mickelson asked San Diego stockbroker Gregory Silveira to transfer “several million dollars” through his personal bank account to an offshore book to pay off Mickelson’s gambling debts. The move triggered a money-laundering investigation.

“In the spring of 2010, Mickelson asked Silveira if he would do him a favor. Mickelson wanted to transfer several million dollars to Silveira and then have Silveira wire it from his personal bank account to the offshore book to pay off Phil’s gambling losses. Unfortunately for Silveira, he said yes. The wire transfer quickly caught the attention of the criminal division of the IRS,” Walters wrote. 

At the same time, Mickelson was involved in the insider trading investigation surrounding Walters.

Read full report: https://www.si.com/golf/.amp/news/phil-mickelson-billy-walters-book-excerpt-money-laundering-insider-trading-pga-tour