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.
JaCoby Jones was called up by the Tigers and made his major league debut yesterday. His parents, from Mississippi, had to scramble to get to Detroit to watch their son in action, but it was well worth the scramble: young Mr. Jones had two hits and two RBI as the Tigers won.
Jones’ first hit was an RBI double which broke a tie. It also caused his mom to break into tears:
Baseball is weird. That could be the first hit in an illustrious big league career. It could also be his peak as a major leaguer. Nothing is ever guaranteed. But Jones and his folks have that moment forever.
I used to be pretty anti-wave because I thought it was kind of dumb and that spending effort on it and not on paying direct attention to the game was a failure of priorities. As has been the case with a lot of things in the past two or three years, however, I’ve lightened up about that. As a part of a larger change of heart in which I determined that hating what other people like and which doesn’t cause me or others harm is not generally worth my time, I’ve left the wave alone. I still think it’s rather silly, but if you wanna be silly at the ballpark, go on and do it. You paid your money to be there.
Not everyone feels this way, however. Including some players:
I dunno, man. The Mets had a lead after one inning and never relinquished it. I’m not sure when this wave went down, and I’ll grant that if it came at a super tense part of the game it would be more annoying. But the Mets are playing some great baseball right now and a well-loved player — Curtis Granderson — hit a couple of homers off the bench. Let ’em be happy, Noah.
UPDATE: This is part of a larger “ballpark rules” feature from SNY: