Former Oriole Doug DeCinces charged with securities fraud, money laundering

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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.

Christian Yelich homers to bring the National League one run closer in the eighth

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We entered the bottom of the eighth with the Americans leading the Nationals 5-2, and Charlie Morton on the hill. He got Joe Votto to ground out to second but he wasn’t so lucky when the Brewers’ Christian Yelich came to the plate: Yelich homered, again to left field, to bring the National League one run closer, 5-3.

After that Morton got both Charlie Blackmon and Lorenzo Cain to strike out, ending the inning.

We head to the top of the ninth, the American League still in the lead.