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.
Sep 17, 2014, 11:45 PM EDT
Yankees setup man Dellin Betances has broken a franchise record that Mariano Rivera set in 1996.
Sep 17, 2014, 10:43 PM EDT
Watch as new Red Sox outfielder collects the first hit of his major league career Wednesday night at PNC Park on a hot shot that Pirates second baseman Neil Walker couldn’t quite handle …
Sep 17, 2014, 9:59 PM EDT
CSNPhilly.com’s Jim Salisbury hears that Phillies have “legitimate interest” in signing Cuban slugger Yasmani Tomas, whose price tag is expected to top $100 million.
Sep 17, 2014, 9:17 PM EDT
Jon Heyman of CBSSports.com reports that the Brewers intend to exercise their half of a $14 million mutual option on Aramis Ramirez for the 2015 season. But will the veteran third baseman exercise his half?
Sep 17, 2014, 8:50 PM EDT
His worst career slump remains 0-for-32 in 2004.
Sep 17, 2014, 8:23 PM EDT
Carlos Beltran has been excused from the Yankees to deal with a private family matter, according to MLB.com beat reporter Bryan Hoch, with manager Joe Girardi saying Wednesday afternoon that the veteran will be given “as much time as he needs.”
Sep 17, 2014, 7:49 PM EDT
Sep 17, 2014, 7:41 PM EDT
Watch as Matt Duffy smacks this pinch-hit two-run single in the top of the ninth inning Wednesday at Arizona’s Chase Field to put the Giants ahead of the Diamondbacks for good …
Sep 17, 2014, 7:19 PM EDT
Raburn parlayed a very productive season in a part-time role with the Indians last year into a two-year deal, but he hit just .200 with four homers and a .547 OPS in 74 games.
Sep 17, 2014, 6:50 PM EDT
After playing fewer than 100 games in each of the previous four years Navarro has had a solid season as Toronto’s primary catcher, hitting .282 with 12 homers and a .734 OPS in 131 games at age 30.
Sep 17, 2014, 6:34 PM EDT
As first reported by Jim Bowden of ESPN and SiriusXM, the Cardinals have cleared right-hander Michael Wacha to return to the starting rotation this Saturday evening against the visiting Reds.
Sep 17, 2014, 6:18 PM EDT
Perkins had a 2.44 ERA with just two homers allowed and a 64/9 K/BB ratio in his first 55 innings, but in his last eight appearances he’s given up 10 runs–including five homers–in 6.1 innings for a 14.21 ERA and .429 opponents’ batting average.
Sep 17, 2014, 5:17 PM EDT
Stanton, who hit .288 with a league-leading 37 homers and a league-leading .950 OPS before the injury, will end up missing the final 17 games of the season.
Sep 17, 2014, 5:12 PM EDT
Forget it, Jake. It’s Colorado.
Sep 17, 2014, 4:51 PM EDT
After a solid first half Teixeira has batted .179 with 43 strikeouts in 42 games since the All-Star break.
Sep 17, 2014, 4:16 PM EDT
Still not as bad as his golf swing.
Sep 17, 2014, 3:53 PM EDT
Good to see MLB make the smart call and suspend Stroman for headhunting.
Sep 17, 2014, 3:30 PM EDT
The Nationals starters are getting a breather today.
Sep 17, 2014, 3:15 PM EDT
Altuve is on pace for the most hits in a season since …
Sep 17, 2014, 3:00 PM EDT
Pedants of the World Unite!
- Video: Rusney Castillo notches his first major league hit 1
- Michael Wacha cleared to return Saturday vs. Reds 0
- Marlins officially shut down Giancarlo Stanton for the season 5
- Umpire Joe West suspended for one game for his part in the Jonathan Papelbon incident 54
- And That Happened: Tuesday’s scores and highlights 83
- Jose Altuve breaks Craig Biggio’s franchise record, tallying his 211th hit of the season 12
- Orioles beat Blue Jays to clinch AL East title 38
- Tanner Roark dominates as Nationals clinch NL East 22
- Chris Davis suspended 25 games for amphetamine use (92)
- Giancarlo Stanton diagnosed with multiple facial fractures and dental damage (91)
- Bud Selig can’t remember the last domestic violence incident in Major League Baseball (88)
- A couple of initial thoughts on the Chris Davis suspension (83)
- And That Happened: Tuesday’s scores and highlights (83)