Phil Mickelson Agrees To Pay Back Money He Made In Connection With Insider Trading Ring

Professional golfer and three-time Masters winner Phil Mickelson will pay back the money he made from buying stock in Dean Foods after allegedly receiving privileged information, his attorney said in a statement to Reuters Thursday.

Mickelson was named as a relief defendant in a civil case by the Securities and Exchange Commission that is connected to criminal charges against William Walters, a professional sports gambler, and Thomas Davis, the former chairman of Dean Foods, for insider trading. The FBI arrested Walters in Las Vegas on Wednesday, The New York Times' Matthew Goldstein and Ben Protess reported.