Aug 17, 2012, 3:56 PM EDT
It was reported a couple of months ago that a well-known former major leaguer was being investigated for insider trading. As it turns out, it’s Orioles Hall of Famer Eddie Murray, and he’s been charged with earning $235,314 in illegal profits.
As it turns out, Murray got his tips from former Orioles teammate Doug DeCinces, who was charged last year and, along with three associates, paid the SEC more than $3.3 million after making about $1.7 million in illegal profits.
Murray, likewise, has paid the piper:
The SEC alleges that Murray made approximately $235,314 in illegal profits after Illinois-based Abbott Laboratories Inc. publicly announced its plan to purchase Advanced Medical Optics through a tender offer. Murray agreed to settle the SEC’s charges by paying $358,151
Murray played in the majors for 21 years from 1977-97. He spent his first 12 years with the Orioles, winning the AL Rookie of the Year award in 1977 and five times finishing in the top five in the AL MVP balloting (without ever winning one). He also played for the Dodgers, Indians, Mets and Angels. He finished his career with a .287/.359/.476 line, 504 homers and 1,917 RBI. He was elected to the Hall of Fame in his first year of eligibility in 2003.
One of the game’s highest-paid players during the second half of the 1980’s, he made approximately $33 million in his career, judging from Doug Pappas’ data at Baseball-reference.
- Shoeless Joe Jackson is not being reinstated 22
- And That Happened: Monday’s scores and highlights 51
- Cubs acquire Austin Jackson from Mariners 22
- Unknown Cuban ballplayer sleeps outside of Dodger Stadium, hoping for a tryout 32
- And That Happened: Sunday’s scores and highlights 74
- Jake Arrieta no-hits the Dodgers with 12 strikeouts 32
- Blue Jays will name Mark Shapiro as the new team president 31
- Lance Lynn expects to make next scheduled start despite suffering ankle injury Saturday 2
- Sarah Palin sticks up for Curt Schilling, tells ESPN to “stick to sports” (266)
- Dan Patrick: When does ESPN cut ties with Curt Schilling? (201)
- Curt Schilling taken off of Little League World Series duty for making a really bad tweet (170)
- Curt Schilling taken off of ESPN’s Sunday Night Baseball telecast this week (134)
- Phillies announcer calls Mets fans “obnoxious” (124)