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A former fan favorite, Doug DeCinces played for the Angels
from 1982 through 1987. He made the All-Star team and twice garnered votes for
MVP of the league. He also played on the 1986 Angels team that lost to the Red
Sox in seven games.
However, Mr. DeCinces faces an entirely different kind of
challenge than most pro baseball players. The former major league third baseman
was indicted, along with three others, oninsider trading charges according to
the Los Angeles Times. The four individuals allegedly used non-public information
to buy stock in an Orange County medical device company according to
authorities from the Securities and Exchange Commission (SEC). DeCinces
allegedly used information given to him by a former high ranking official at
the company to buy stock prior to a tender offer from an international medical
firm. He spent more than $160,000 according to the SEC and earned over $1.3
million as a result. He was charged with 42 counts of securities fraud and one
count of money laundering, both of which are known as white collar crimes.
Each charge of fraud carries with it a penalty of up to 20
years in prison, while charges of money laundering carries a 10 year maximum
prison sentence. DeCinces, who also played for the Baltimore Orioles and St.
Louis Cardinals during his career as a professional baseball player, could
spend decades in prison if he is convicted of these crimes.
DeCinces already agreed to pay $2.5 million in 2011 to
settle other business-related allegations. He is currently the president of an
Irvine real estate development firm and agreed to the settlement without
admitting or denying the allegations according to the SEC. The other men are
all businessmen in their 60's and will appear with DeCinces on December 17 in
Santa Ana Federal Court according to the White Collar crimes US Attorney's office.
These men will need a Los Angeles white collar crime attorney who
understands the law and can provide an adequate defense to the charges which
were brought. It can often be hard to prove these types of charges, which is
why criminal charges like "money laundering" will appear, even though
that crime sounds like something a mobster might commit.
The country is facing a heightened state of alert when it
comes to , and even local baseball heroes like DeCinces
faces extreme scrutiny on such crimes as this.
Because of this, if you are facing white collar criminal charges, call
Kestenbaum, Eisner & Gorin, LLP today at 1-877-781-1570 to get the best