DeCinces and three other men raked in more than $1.7 million in illegal profits by buying shares in Advanced Medical Optics prior to it being sold to Abbott Laboratories, Inc. DeCinces had learned confidential information about the merger and start buying up the stock to increase his own profit.
That’s about as textbook as insider trading gets.
DeCinces played pro ball from 1973-1987, the majority of the time with the Baltimore Orioles.
In 2008, he was the subject of an MLB.com feature entitled, “DeCinces enjoying life as businessman”.
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