Insider Trading

Former Baseball Player Charged with Insider Trading

Accused with profiting off information about the takeover of a medical device company

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Former Baltimore Orioles third baseman Doug DeCinces and three others have been indicted on insider trading charges for allegedly profiting from information prior to the takeover of a Southern California medical device company.

DeCinces was charged Wednesday with 42 counts of securities fraud and one count of money laundering. He is scheduled to appear in court Dec. 17.