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.
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.
See David Ortiz reenact “Fever Pitch” and “Good Will Hunting”
Adrian Beltre has been on the disabled list all year because of nagging right calf strain, but he’s about to take a big step toward getting back to action.
Beltre has been cleared to begin playing in extended spring training games. He’ll commence them tomorrow at the Rangers facility in Surprise, Arizona. After three games the team’s doctors will reevaluate him. If things go well, he’ll likely be sent off for a full minor league rehab assignment.
Joey Gallo has filled in for Beltre all season, bringing a lot of power but not much else to the table. While Beltre is 38, his all-around game would be welcomed back on the field and his leadership would be welcomed back in the Rangers clubhouse. On a personal note, Beltre is only 58 hits shy of 3,000 for his career.
Barring a setback, he’ll be back with the big club in early June and will hit the milestone eventually.