Former Angel Doug DeCinces indicted on insider trading charges

doug-decinces-card.jpgA federal grand jury in Santa Ana today indicted retired baseball star Doug DeCinces and three associates "for allegedly using non-public information regarding a takeover bid to purchase stock in an Orange County-based medical device company – stock that dramatically increased in value when the takeover bid was publicly announced." The 44-count indictment charges DeCinces and the others with using information that he obtained from a high-ranking official at Advanced Medical Optics. DeCinces, who is 60, played mostly third base for the Baltimore Orioles and the Angels between 1973 and 1987. He grew up in Northridge and played at Monroe High School in North Hills before turning pro. DeCinces lives now in Laguna Beach and runs a construction company.

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