Former Oriole Doug DeCinces to pay $2.5 million for insider trading

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Doug DeCinces had the unenviable task of following Brooks Robinson as the Orioles’ everyday third baseman. Clearly he was so disillusioned by the experience that he decided to turn to a life of crime 35 years later:

The Securities and Exchange Commission charged former professional baseball player Doug DeCinces and three others with insider trading ahead of a buyout by Abbott Laboratories (ABT). DeCinces will pay $2.5 million to settle the charges.

It wasn’t all that sophisticated an operation as far as these things go. Some more details here. ¬†Basically, he got an inside tip, traded on it and profited.

I’m sure that Brooks would have done it way more smoothly.