Posted August 17, 2012 on AP on Fox
Hall of Fame baseball player Eddie Murray has agreed to pay $358,151 to settle federal civil charges of profiting in stock trades by using confidential information passed to him by a former teammate. The Securities and Exchange Commission is also announcing related charges against James Mazzo, former CEO of Advanced Medical Optics, and businessman David Parker. The SEC says Mazzo provided illegal tips about a planned acquisition of Advanced Medical Optics by Abbott Laboratories in January 2009. Mazzo passed the information to Murray's former teammate Doug DeCinces, who tipped off Murray and Parker, the SEC alleges in a civil lawsuit. DeCinces settled the SEC's charges a year ago by agreeing to pay $2.5 million. Murray, who retired in 1997, neither admitted nor denied wrongdoing but agreed to refrain from future violations of securities laws. The SEC is still pursuing its cases against Mazzo and Parker. The amount Murray is paying consists of: - A $117,657 civil penalty...
THE BACKYARD
BEST OF MAXIM
RELATED ARTICLES

Hall of Famer Murray charged with insider trading

Hall of Fame first baseman Eddie Murray was charged with insider trading by the U.S. Securities and Exchange Commission, MLB.com reported Friday. Murray, a Baltimore Orioles great who was elected to the Hall of Fame in 2003, is accused of making more than $230,000 in "illegal profits." He agreed to settle the charges. The SEC accused Murray of insider trading on confidential...
Orioles News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.