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.
Third baseman Anthony Rendon is reportedly open to a contract extension with the Nationals, Chelsea Janes of the Washington Post said Sunday. Rendon told reporters that he didn’t know if agent Scott Boras would discuss an extension with the club, contrary to previous reports confirming the two had already started that conversation.
Rendon, 27, is coming off of his best career year to date. He finished the 2017 season batting .301/.403/.533 with 25 home runs and 100 RBI through 605 plate appearances, good enough to earn him sixth place in NL MVP voting. He made his third postseason appearance after helping Nationals through the National League Division Series, and contributed a pair of extra-base hits before the team was eliminated by the Cubs in Game 5.
Rendon is still arbitration-eligible through 2019, but stands to receive a hefty payday once he enters free agency in 2020. While it stands to reason that the Nats would want to lock up a player who contributed a whopping 6.9 fWAR last year, making him the most valuable player on their roster, an extension appeals to Rendon as well. “Why not stay with one organization?” he said Sunday. The 2018 season will be his sixth with the team.