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 right-hander Joe Musgrove is done for the year after suffering an abdominal wall muscle strain and stress reaction in his pelvic bone. While he isn’t expected to undergo surgery or miss additional time in 2019, he’s been prescribed six weeks of rest before resuming any baseball-related activities.
Musgrove, 25, finished out his third year in Pittsburgh with a 6-9 record in 19 starts, backed by a 4.06 ERA, 1.8 BB/9, and 7.8 SO/9. Despite logging a career-high 115 1/3 innings at the major league level, he’s also been dogged by a string of injuries, from the shoulder strain that robbed him of eight weeks at the start of the season to an index finger infection that kept him sidelined for a minimum 10-day stay on the disabled list in June.
While he works his way back up to full strength yet again, rookie right-hander Nick Kingham is expected to cover for him and will make a spot start during the Pirates’ series finale against the Brewers on Sunday. The 26-year-old righty hasn’t started a single game for the team since August 1, and currently carries a 4.69 ERA, 2.7 BB/9, and 8.1 SO/9 over 71 innings out of the rotation and bullpen.