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Former MLB Player Indicted for Insider Trading

By
Raul Hernandez
on November 28, 2012 5:16 PM Share: Share on Facebook submit to reddit StumbleUpon Toolbar

A former pro baseball player and three associates were indicted today by a federal grand jury for insider trading charges, U.S. Attorney's Office.

A 44-count indictment against Doug DeCinces and three others with using information the former third baseman got from a high-ranking official at a medical device company to buy stock prior to the announcement of a tender offer from an international medical company, according to federal officials.

DeCinces, 60, of Laguna Beach, was a Major League Baseball payer from 1973 to 1987 who is currently the president and CEO of a real estate development firm in Irvine, federal officials state.

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The Court Reporter
Raul Hernandez has spent years writing stories about the drama that unfolds in the courtroom. Here he answers common questions, share some insights on the judicial system and passes along some of the little things that make the Ventura County courts an interesting place to be. You can contact him at rhernandez@vcstar.com.