News+Notes Report: Mickelson had $40M in gambling losses - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 6, 2022 Newswires
Share
Share
Post
Email

News+Notes Report: Mickelson had $40M in gambling losses

Red Bluff Daily News (CA)

Federal auditors investigating Phil Mickelson’s role in an insider trading scheme found his gambling losses totaled more than $40 million from 2010 to 2014, according to an excerpt from Alan Shipnuck’s forthcoming biography.

Shipnuck posted the excerpt on his “Firepit Collective” site Thursday. His unauthorized biography on Mickelson is to be released May 17 during the PGA Championship. Mickelson is the defending champion. He has not said if he will be playing.

Shipnuck wrote that government auditors investigated Mickelson’s finances over four years from 2010 to 2014. The author cited a source with direct access to the documents.

Mickelson’s annual income in 2012 — the time of the Dean Foods stock deal that netted Mickelson nearly $1 million in one week — was estimated at about $48 million.

Day leads Wells Fargo >> Jason Day shot a 7-under 63 to take the first-round lead at the Wells Fargo Championship.

Joel Dahmen was a shot back on what could be the best day for scoring at TPC Potomac at Avenel Farm, with rain, wind and unseasonably cool temperatures in the forecast through Sunday.

Day made five of his eight birdies from inside 10 feet. The Australian took the lead with a chip-in on the par-4 15th hole.

Matthew Wolff, local favorite Denny McCarthy and PGA Tour rookies Aaron Rai, Callum Tarren and Paul Barjon were two shots back. Rory McIlroy, the top-ranked player in the field

at No. 7, had an up-and-down 67.

Pro basketball

Simmons has successful back surgery >> Ben Simmons underwent what was determined to be a successful back surgery in Los Angeles. The Brooklyn Nets are hoping that he is fully recovered before the start of training camp this fall.

Simmons will need about three weeks for an “initial recovery period,” the Nets said, before he can start his rehabilitation program.

Training camp will start in late September.

Pro football

Chargers sign LB Van Noy >> The Los Angeles Chargers added another veteran to their defense, signing outside linebacker Kyle Van Noy.

Van Noy will be going into his ninth season. He had 66 tackles for the New England Patriots last season and was second on the team with five sacks. He also returned an interception for a touchdown.

Van Noy was released by the Patriots in March.

Baseball

Twins’ Baldelli, Arraez, Bundy test positive for COVID-19 >> Minnesota Twins manager Rocco Baldelli and second baseman Luis Arraez were out for their game at Baltimore after testing positive for COVID-19.

Bench coach Jayce Tingler managed the Twins.

Motor sports

Byron signs 3-year extension with Hendrick Motorsports >> William Byron has agreed to a three-year contract extension with Hendrick Motorsports that will keep him in the No. 24 Chevrolet through the 2025 season.

The 24-year-old Byron has two Cup Series wins already this season.

Older

California Three letters that explain why single-payer fails: EDD

Newer

DeSantis deflects on new Fla. abortion restrictions

Advisor News

  • Business owners may be overlooking a key part of their financial picture
  • How smart investments prepare clients for inflation
  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
  • The biggest risk to your clients’ financial plans isn’t market volatility
  • Initiative looks at how caregiving impacts workplace benefits
More Advisor News

Annuity News

  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
More Annuity News

Health/Employee Benefits News

  • A Swansea woman's health insurance saga: Breast cancer leads to bankruptcy
  • SEN. OSSOFF WORKING ACROSS THE AISLE TO LOWER HEALTH CARE COSTS FOR MILITARY FAMILIES
  • Inovaare Expands AI-Native BPaaS for U.S. Health Plans, Defining the Third Generation of Payer Operations
  • AuguStar Life enhances its suite of living benefits
  • Final rules for Medicaid work requirements are out. Here's what you need to know.
More Health/Employee Benefits News

Life Insurance News

  • Greg Lindberg slams ‘vindictiveness’ in fight for prison computer access
  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • AuguStar Life enhances its suite of living benefits
  • Lobbyist argues Iowa insurance regulator gives too much voice to Wall Street
  • Appeals court rejects investor payouts in latest decision against STOLI
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet