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.
Three players were suspended on Monday after testing positive for performance-enhancing drugs. They are: Indians pitcher Steve Delabar, Mariners pitcher Jonathan Aro, and free agent pitcher Jeffry Hernandez. Aro got a 50-game suspension while the other two were handed 80-game suspensions.
Delabar, 33, hasn’t pitched yet this season after signing a minor league deal with the Indians back in January. He spent last year with the Reds as well as the Hiroshima Carp in the Japan Central League. The right-hander has struggled over the last few seasons.
Aro, 26, also hasn’t appeared yet this season in the minors. He’s worked mostly in relief. The right-hander appeared briefly in the majors with the Mariners last season and logged 10 1/3 innings in the show with the Red Sox in 2015. Aro went to the Mariners along with Wade Miley in the trade that brought the Red Sox Carson Smith and Roenis Elias.
Hernandez, 22, is a free agent and his suspension will be effective if and when he signs with a new team.
The Phillies announced on Monday that starter Aaron Nola has been placed on the 10-day disabled list, retroactive to April 21, with a lower back strain.
Nola, 23, compiled a 4.50 ERA with a 15/6 K/BB ratio over his first three starts spanning 16 innings. He felt some back soreness during his last start on Thursday against the Mets, and it lingered when he had a side session on Sunday.
CSN Philly’s Jim Salisbury hears that the Phillies are likely to call up Nick Pivetta from Triple-A Lehigh Valley to take Nola’s place in the rotation. Nola was scheduled to start on Wednesday.
Pivetta, 24, was acquired from the Nationals in the Jonathan Papelbon trade in July 2015. At Triple-A so far, Pivetta has given up only two earned runs on 12 hits and two walks with 24 strikeouts in 19 innings.