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.
Dodgers third baseman Justin Turner left Monday’s Cactus League game against the Athletics after he was hit by a pitch. He went for X-rays, revealing that he suffered a broken wrist, Bill Shaikin of the Los Angeles Times reports. Shaikin adds that Turner is unlikely to return before May, noting that Braves first baseman Freddie Freeman missed six weeks with a similar injury last year and Astros outfielder George Springer missed nine weeks in 2015.
Needless to say, this is a huge loss for the Dodgers. Last year, Turner hit .322/.415/.530 with 21 home runs and 71 RBI in 543 plate appearances, helping the Dodgers reach the World Series. He made the All-Star team for the first time in his career and finished eighth in NL MVP balloting.
Thankfully, the Dodgers have some versatile players on the roster. Logan Forsythe could move from second base to third, giving Chase Utley more playing time at second. Enrique Hernandez could man the hot corner as well. Chris Taylor has played some third base, or he could shift to second base in Forsythe’s stead. The club should shed some light on how it plans to move forward following Turner’s injury.