NY Times: SEC "Has Escalated" Walters Investigation

Initially it was game on between Billy Walters and Phil Mickelson and the SEC on the subject of an insider trading investigation, then the role of Phil Mickelson was said to be "overstated."

Now the New York Times' Alexandra Stevenson and Matthew Goldstein mention the case in their look at the Securities Exchange Commission feeling under fire for not having caught many white collar criminals.

But in their latest story, the Times reporters are suggesting the Walters case has "escalated," but they do not specify if much has changed as it relates to Mickelson.

Elsewhere, the S.E.C.’s investigation into whether Mr. Mickelson and Mr. Walters possessed inside information about the plan by Dean Foods to announce a spinoff in August 2012 has escalated. The authorities suspect the tip about the spinoff came from a board member at the company who knows Mr. Walters, who then shared the information with Mr. Mickelson, the people briefed on the investigations said.

Mr. Walters’s lawyer did not respond to a request for comment. A spokeswoman for Mr. Mickelson declined to comment. Representatives for Mr. Mickelson and Mr. Walters have previously said the men did nothing wrong.

Good Read: "Mickelson dances golf's invisible line"

Phil Mickelson, who opened with a 2-under-par 70 in the windy afternoon conditions at St. Andrews, is profiled by ESPN.com's Kevin Van Valkenburg as the 2013 Open Champion "dances with golf's invisible line."

There is plenty of good stuff here, including this:

Mickelson said he and his wife, Amy, laughed recently when they remembered how upset they were 20 years ago when he wasn't included in a magazine story prior to the PGA Championship listing the game's "young guns." Justin Leonard was in there, and so was David Duval, but not Mickelson. Amy was so upset about it, she even walked up to the writer at the tournament and confronted him about it.

"We look back on that and we laugh," Mickelson said. "We were so immature that we felt we had to have input and say in every little thing." His face has grown noticeably weathered in recent years. Up close, his cheeks are pink and splotchy in spots, a visible consequence that comes from having spent the past four decades walking golf courses around the world, soaking up the taxing rays of the sun. There are small bags under his eyes, and he bends at the waist to read putts instead of at the knees, a telltale sign that the years, and all those steps, are adding up.