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.
- The Cubs to announce the hiring of Joe Maddon on Monday 38
- Cubs fire manager Rick Renteria, clear way for Joe Maddon 69
- HardballTalk’s Top 150 Free Agents for 2015 24
- Joe Maddon’s pursuit of the Cubs job called “a classless act” by some in the game 121
- Kevin Youkilis opts for retirement at age 35 31
- 10 nominees for Hall of Fame’s Veterans Committee announced 108
- Bochy’s championship resume ranks among game’s best 19
- Alex Gordon would have been a dead duck had he tried to score 83
- A veteran says enough is enough when it comes to tributes for the soldiers (282)
- Jose Canseco shot his middle finger off (148)
- Oscar Taveras dies after car accident in the Dominican Republic (140)
- Joe Maddon’s pursuit of the Cubs job called “a classless act” by some in the game (121)
- Fox’s World Series broadcast gets a low grade from The New York Times (110)