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Former Angels Baseball Player, Doug DeCinces, Indicted on Insider Trading

Former Angels Baseball Player, Doug DeCinces, Indicted on Insider Trading

Doug DeCinces, third baseman who played from 1973 until 1987 with the Baltimore Orioles, St. Louis Cardinals and Angels, has been indicted on insider trading charges for allegedly using non-public information to buy stock in a Santa Ana medical device company.

According to a 44-count indictment, DeCinces allegedly used information from a former high-ranking official of the company to buy stock prior to the announcement of a tender offer from an international medical firm. DeCinces allegedly spent about $160,000 to buy more than 90,000 shares of the stock, which earned him more than $1.3 million in profits.

DeCinces is charged with 42 counts of securities fraud and one count of money laundering. Each of the fraud counts carries a maximum sentence of 20 years in prison, and the money laundering count carries a 10 year maximum sentence.

If you, or someone you know has been charged with securities fraud, money laundering or any other type of crime, it is important to hire a Los Angeles criminal defense attorney who has the experience to aggressively defend your case.

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