Nov 29, 2012, 7:46 AM EDT
Back in 2011 former Orioles and Angels third baseman Doug DeCinces was charged with insider trading arising out of a tip he received regarding the buyout of a medical devices company by Abbott Labs. It was a civil charge, filed by the SEC, and he settled the charges for $2.5 million.
But civil charges weren’t good enough, it seems, because he has now been charged criminally in the matter: he was indicted yesterday on 42 counts of securities fraud and a count of money laundering. Each of the fraud counts carries a maximum sentence of 20 years in prison.
Obviously it’s hard to get details from an AP report, but unless this involves something totally different than the case which he settled (civilly, anyway) in 2011, I don’t know how you wring 42 charges out of it. He got a tip. He told a few friends. They bought stock and cashed out. About as simple as it gets.
He reportedly made $1.3 million out of the transaction so it’s possible that instead of one big buy he purchased stock in, like, 21 separate buys and the feds are charging each one. They tend to do things like that.
Aug 28, 2015, 11:40 PM EDT
Ike Davis recently underwent hip surgery, but is expected to be ready to participate in spring training next year.
Aug 28, 2015, 11:05 PM EDT
Chris Capuano has had an interesting season. In particular, he’s had a busy August.
Aug 28, 2015, 10:37 PM EDT
Baseball fans rejoice: Vin Scully will return to call Dodgers games in 2016.
Aug 28, 2015, 10:15 PM EDT
Phillies GM Ruben Amaro, Jr.’s contract expires after the season. There’s a chance the Phillies decide to bring him back for the 2016 season.
Aug 28, 2015, 9:42 PM EDT
The Blue Jays added some depth on Friday, claiming 1B/OF Danny Dorn off waivers from the Diamondbacks.
Aug 28, 2015, 9:25 PM EDT
The Nationals weren’t happy with how the Jayson Werth bobblehead looked, so they’ll have a new one made and give it away to fans during the off-season.
Aug 28, 2015, 8:35 PM EDT
Chris Heston will return to the Giants’ rotation to replace the injured Matt Cain on Sunday.
Aug 28, 2015, 7:45 PM EDT
Yasiel Puig is back on the disabled list with his second hamstring strain this season.
Aug 28, 2015, 6:55 PM EDT
AL West teams, including the Athletics, get the short end of the scheduling stick again in 2016.
Aug 28, 2015, 6:05 PM EDT
An unknown team claimed Padres closer Craig Kimbrel on revocable waivers.
Aug 28, 2015, 5:18 PM EDT
Will the Red Sox exercise his $13 million option for 2016?
Aug 28, 2015, 4:46 PM EDT
This is from an incident in June 2014
Aug 28, 2015, 2:20 PM EDT
An important manifesto from a woman who is both a serious baseball fan and who does not deny the bleeding obvious.
Aug 28, 2015, 2:00 PM EDT
Rough timing for the impending free agent.
Aug 28, 2015, 1:44 PM EDT
Hours after firing general manager Jack Zduriencik the Mariners have demoted one of his worst draft picks.
Aug 28, 2015, 11:42 AM EDT
Overall the Mariners went 505-595 (.459) with Zduriencik as GM.
Aug 28, 2015, 11:27 AM EDT
Two months ago, in the wake of the Astros database hacking scandal, the Cardinals fired scouting director Chris Correa.
Aug 28, 2015, 10:30 AM EDT
Pedro Martinez is one of the smartest baseball players in living memory, but he’s sniffing up the wrong tree here.
Vote of non-confidence: Reds owner says manager Bryan Price won’t be fired before the season is over
Aug 28, 2015, 10:15 AM EDT
He looks like a goner after the season.
Aug 28, 2015, 10:00 AM EDT
I hate to use the word “classy” because its so overused in sports. But this is classy.
- Vin Scully will return in 2016 for his 67th season of broadcasting 6
- The Athletics have a travel-heavy 2016 schedule and unsuccessfully tried to have it altered 6
- Mariners fire general manager Jack Zduriencik 63
- Pedro Martinez wonders if bad chemistry is the reason the Tigers and Mariners are out of contention 48
- Vote of non-confidence: Reds owner says manager Bryan Price won’t be fired before the season is over 22
- And That Happened: Thursday’s scores and highlights 86
- Denard Span headed back to DL with hip inflammation, unlikely to return this season 10
- Report: Barry Bonds loses collusion case against MLB 40
- Sarah Palin sticks up for Curt Schilling, tells ESPN to “stick to sports” (259)
- Dan Patrick: When does ESPN cut ties with Curt Schilling? (200)
- Curt Schilling taken off of Little League World Series duty for making a really bad tweet (169)
- Curt Schilling taken off of ESPN’s Sunday Night Baseball telecast this week (134)
- Phillies announcer calls Mets fans “obnoxious” (123)