Department of Justice
U.S. Attorney’s Office, Central District of California
FOR IMMEDIATE RELEASE: Friday, May 12, 2017
SANTA ANA, California – A federal jury today convicted former professional baseball player Douglas DeCinces of insider trading charges for using non-public information to purchase stock in an Orange County company in transactions that netted him $1.3 million in profits.
A second man who illegally took the insider information from DeCinces – David Parker – was also found guilty today of violating federal securities laws. Continue reading