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

  • IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
  • Help child-free clients plan for their later years
  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
More Advisor News

Annuity News

  • Guidance, bulletin or reg? NAIC debates form of annuity illustration update
  • Nationwide adds mutual fund-linked strategy to New Heights Select FIA
  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity News

Health/Employee Benefits News

  • N.C. Insurance Dept.: Mecklenburg County Woman Charged With Medical Insurance Fraud
  • Why life insurance riders aren’t solving the LTC crisis
  • ATTORNEY GENERAL BONTA CONTINUES FIGHT TO PROTECT AFFORDABLE CARE ACT COVERAGE
  • DOULAS ARE JUMPING THROUGH "A LOT OF HOOPS" TO SERVE MEDICAID CLIENTS
  • Affordable Care Act insurance costs to rise steeply again in WA
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Capgemini: Life insurers under pressure: 42% of consumers are confused and unconvinced by policies
  • TDCI Reminds Consumers to Focus on the Future During Life Insurance Awareness Month
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on Malaysia’s Non-Life Insurance Segment
  • Agam Capital Advises JAB Insurance on Completing the Acquisition and Successful Rehabilitation of Columbian Financial Group
  • Former Lawrence County deputy indicted in alleged life insurance fraud scheme
Sponsor
More Life Insurance News

NEWS INSIDE

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

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
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.