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.
Pirates outfielder Starling Marte is back in the lineup after the team reinstated him from the 10-day disabled list on Saturday. Marte served the bare minimum on the DL after making a rapid recovery from the right oblique strain that sidelined him several weeks ago.
Prior to landing on the disabled list, the 29-year-old outfielder was off to a strong start. He slashed a robust .308/.366/.503 with six home runs, 10 stolen bases and an .869 OPS in 175 plate appearances with the team. This is the first time he’s dealt with an oblique issue, and the first DL stint he’s served since he suffered a bout of back tightness in 2016. While he has yet to prove he can bounce back to his pre-injury production levels, his quick recovery bodes well for a successful return to major-league play.
In a corresponding move, outfielder Jose Osuna was optioned to Triple-A Indianapolis. The move came as somewhat of a surprise, given that the Pirates elected to retain top prospect outfielder Austin Meadows rather than the more established Osuna. Meadows was recalled from Triple-A in the wake of Marte’s injury and has only played seven games at the major league level so far, but he’s already made a strong impression: he went 13-for-29 with three home runs, two stolen bases and five RBI since his call-up on May 18.