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Golfer Phil Mickelson named in insider trading complaint

(WKYT)
Published: May. 19, 2016 at 11:18 AM EDT
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The Securities And Exchange Commission is filing a complaint against professional golfer Phil Mickelson related to insider trading.

The SEC says a gambler named William Walters, a well-known figure in the Las Vegas gambling world who has Kentucky roots, received tips and business information about Dean Foods Co. from former Dean Foods director Thomas Davis between 2008 and 2012.

In 2012, the SEC says Walters called Mickelson, who owed him money, and urged him to trade Dean Foods stock. The SEC says Mickelson did so the next day and made a profit of $931,000.

Mickelson was not in the field of the Byron Nelson Classic in Irving, Texas, where play began Thursday morning. Calls to his representatives were not immediately returned.

Walters, through BW Auto Ventures, operates Glenn Auto Group in Kentucky. The company sales several car brands, including Hyundai, Nissan, Infiniti, Ford, Lincoln, Mitsubishi, Fiat, Chrysler, Dodge, Jeep, Ram, Buick and GMC.

Walters has been the target of multiple national news stories, including a profile in the Wall Street Journal and a 60 Minutes package.

According to a 2014 Wall Street Journal

, Walters was born in Munfordville, Kentucky. He reportedly left Kentucky some time in the 1980s.

Walters also was profiled in 2011 on 60 Minutes by reporter Lara Logan. Logan's report touched on Walters' involvement in golf courses, his philanthropy and his influence in the world of sports betting.

Walters refuted the Wall Street Journal's report during an interview in 2014 with

.