"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 a federal court in Southern California.
DeCinces, 62, bought $160,000 worth of stock in Advanced Medical Optics Inc, after a "close personal friend" alerted him to an impending takeover bid by Abbott Laboratories, according to prosecutors.
He sold his stock shortly after the takeover bid was announced, making $1.3 million in profits, the department said."
Thursday, November 29, 2012
Former baseball star Doug DeCinces indicted for insider trading - Yahoo! Finance
Former baseball star Doug DeCinces indicted for insider trading - Yahoo! Finance:
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