(Reuters) – Former Baltimore Orioles third baseman Doug DeCinces has been indicted by a federal grand jury for insider trading, the Justice Department said on Wednesday. DeCinces was charged with 42 counts of criminal securities fraud and one count of money laundering over the 2008 purchase of stock in a medical device company based on insider information, according to an indictment filed in U.S. District Court. DeCinces, 60, bought $160,000 worth of stock in Advanced Medical Optics, Inc. …
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APNewsBreak: DeCinces indicted for insider trading
Former Baltimore Orioles All-Star Doug DeCinces and three others were indicted Wednesday on insider trading charges involving the use of information prior to the takeover of a medical device company in California, authorities said.
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