Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

DeCinces avoids prison for insider training

Written by 
Published in Baseball
Tuesday, 13 August 2019 06:16

Former All-Star Doug DeCinces will avoid prison following a conviction for insider trading in which he earned more than $1 million.

DeCinces was sentenced to time served -- one day in prison -- along with eight months of home detention and two years of probation. He was also fined $10,000.

The former Orioles and Angels third baseman was convicted of 14 federal charges in May 2017. Each count potentially carried a maximum prison sentence of 20 years. Eighteen other counts had been declared a mistrial after jurors deadlocked.

DeCinces was tipped off in 2009 that a Santa Ana-based medical device firm, Advanced Medical Optics, was going to be sold. The information came from the company CEO, who was DeCinces' neighbor in Laguna Beach, California, prosecutors argued.

DeCinces bought more than 90,000 shares in the company days before Abbott Laboratories bought the firm, and he sold the shares for a profit of about $1.3 million, prosecutors said.

Fourteen other people made another $1.3 million after DeCinces passed on the tip to friends and family members, prosecutors alleged.

DeCinces spent 15 years in the major leagues, recording 1,505 hits and 237 home runs. He played for the Orioles from 1973 to 1982, when he was traded to the Angels. He was on the American League All-Star team in 1983.

The Angels released DeCinces in 1987, and he played four games for the St. Louis Cardinals that season. The next year he played for Tokyo's Yakult Swallows in Japan but didn't finish the season because of back problems and retired.

The Associated Press contributed to this report.

Read 365 times

Soccer

Investigation opens after Argentine YouTuber plays

Investigation opens after Argentine YouTuber plays

EmailPrintOpen Extended ReactionsThe Argentine justice department launched an investigation on Tuesd...

Rodman, Marta, Chawinga up for NWSL MVP

Rodman, Marta, Chawinga up for NWSL MVP

EmailPrintOpen Extended ReactionsKansas City Current forward Temwa Chawinga, who broke the single-se...

Priestman out as Canada coach over spy scandal

Priestman out as Canada coach over spy scandal

EmailPrintOpen Extended ReactionsBev Priestman will not return as head coach of the Canadian women's...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Diamond Sports to offer per-game NBA, NHL prices

Diamond Sports to offer per-game NBA, NHL prices

EmailPrintOpen Extended ReactionsSOUTHPORT, Conn. -- The nation's largest owner of regional sports n...

Ex-NBAer Singler's cryptic IG post draws concern

Ex-NBAer Singler's cryptic IG post draws concern

EmailPrintFormer Duke star Kyle Singler's cryptic Instagram post saying he fears for his life has dr...

Baseball

Diamondbacks tab Phils' Kaplan as pitching coach

Diamondbacks tab Phils' Kaplan as pitching coach

EmailPrintOpen Extended ReactionsPHOENIX -- The Arizona Diamondbacks hired Brian Kaplan on Tuesday t...

Sources: Angels, d'Arnaud reach 2-yr., $12M deal

Sources: Angels, d'Arnaud reach 2-yr., $12M deal

EmailPrintOpen Extended ReactionsThe Los Angeles Angels on Tuesday continued their aggressive move-m...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated