Following the $1B Gambling Allegations, Phil Mickelson Again Takes a Nosedive as New Startling Rumor Emerge

Published 08/18/2023, 11:01 AM EDT

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via Reuters

Recently, Phil Mickelson has been in the limelight for the accusation that he is receiving back-to-back from his former long-time partner, Billy Walters. In his new book, “Gambler: Secrets from a Life at Risk,” Walters delves into the details surrounding Mickelson’s involvement in the world of gambling. 

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Walters is known for being one of the greatest gambler of all time. Through his latest revealation, he sheds light on Lefty’s insider trading case. He even talks about the reason behind their fallout. Let’s dive deeper into the story.

Billy Walters has even more allegations to place on Phil Mickelson

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Just last week, Walters made claims accusing the 53-year-old golfer of placing a staggering $1 billion in sports bets. Additionally, he disclosed an incident involving Mickelson’s alleged attempt to wager on the 2012 Ryder Cup. Despite Mickelson’s denial of the rumors circulating, Walters has provided a detailed explanation once again in the second extract from his book, “Gambler.”

According to the 77-year-old gambler’s allegations, the 6-time major winner supposedly approached San Diego stockbroker Gregory Silveira and requested him to transfer “several million dollars” from Mickelson’s personal bank account to an offshore book in order to settle his gambling debts. This action subsequently led to a money laundering investigation being initiated.

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The excerpt that was first published by the Fire pit collective reads, “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.” 

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The Fire Pit Collective chose Twitter as their platform to reveal exclusive information, aiming to inform the world about the events that led to the breakdown of an eight-year friendship between them. The post provides valuable insight into the circumstances that caused the rift between the two individuals.

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Furthermore, the former World No. 2 was also implicated in the insider trading case involving Walters. Walters was subsequently sentenced to five years in jail for using nonpublic information about Dean Foods, a Fortune 500 firm. This has turned good friends into adversaries. Well, Mickelson hasn’t spoken anything about the newest allegation. However, he did clear his image via his previous statements.

Mickelson denied all previous allegations against him

Last week Mickelson released a statement in which he denied all the allegation that was put on him. He clearly stated that he never bet on the Ryder Cup nor did he undermine the integrity of the game. Moreover, he also confessed that he was addicted to gambling. However, after taking the needed therapy, he has been staying away from this addiction. 

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Are Walters’ accusations accurate, in your opinion? Or is Mickelson telling the truth? Let us know in the comments below.

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Written by:

Alisha Kotadia

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Alisha is a fresh EssentiallySports writer who was recruited in the latest ‘ES Draft’ round. Although she is in her early days, her act of putting the sport to paper is commendable. She is building herself up to be a powerhouse when it comes to coverage of the sport.
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Edited by:

Debmallya Chakraborty

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