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.
In 2016, late pitcher Roy Halladay was asked if he would prefer to wear a Blue Jays or Phillies cap on his plaque if he were to be inducted into the Hall of Fame. Per Mark Zwolinski of the Toronto Star, Halladay said, “I’d go as a Blue Jay.” He added, “I wanted to retire here, too, just because I felt like this is the bulk of my career.”
Obviously, circumstances have changed as Halladay tragically died in a plane crash in the Gulf of Mexico off the coast of Florida in November 2017. Halladay was elected to the Hall of Fame yesterday, becoming the first player to be posthumously elected to the Hall of Fame in his first year of eligibility since Christy Mathewson in the Hall of Fame’s inaugural year.
Today, Arash Madani reports that Halladay’s wife Brandy said her late husband will not wear a cap with the emblem of either team on his plaque. He will instead be portrayed with a generic baseball cap. Brandy said, “He was a Major League Baseball player and that’s how we want him to be remembered.”
Halladay spent 16 years in the majors, 12 with the Blue Jays and four with the Phillies. He meant a lot to both teams. He was a six-time All-Star and won the AL Cy Young Award in 2003 with the Jays. He won the NL Cy Young in 2010 with the Phillies and was a runner-up for the award in 2011, making the All-Star team both years and helping the Phillies continue their streak of reaching the postseason, which lasted from 2007-11. Halladay authored a perfect game in the regular season against the Marlins and a no-hitter in the postseason against the Reds as a member of the Phillies in 2010 as well.
In aggregate, Halladay won 203 games with a 3.38 ERA and 2,117 strikeouts in 2,749 1/3 innings during his storied 16-year career which was unfortunately cut a bit short by injuries.