Hall of Famer Eddie Murray settles insider-trading case

continued from page 1

Question of the Day

What has been the biggest debacle on Obama's watch?

View results

Murray, 56, who lives in Santa Clarita, Calif., was a switch-hitting first baseman for the Baltimore Orioles from 1977-88. After DeCinces left the Orioles, he and Murray maintained a close friendship, according to the SEC.

The agency said that Mazzo, 55, and DeCinces also were close friends and lived in the same exclusive community in Laguna Beach, Calif.

“It is truly disappointing when role models, particularly those who have achieved so much in their professional careers, give in to the temptation of easy money,” Daniel Hawke, chief of the SEC enforcement division’s market abuse unit, said in a statement.

The SEC said that weeks before an announcement of Abbott’s acquisition of Advanced Medical Optics, Mazzo told DeCinces about the deal. As CEO of Advanced Medical Optics, Mazzo knew about it. DeCinces then bought 90,700 shares of AMO through several brokerage accounts, according to the SEC.

DeCinces, in turn, passed the information to at least five people, including Parker and Murray, the SEC says, and they all bought AMO stock.

The merger agreement was announced on Jan. 12, 2009. Abbott agreed to pay $22 a share for AMO. That day, the stock closed at $21.50 a share — a 143 percent jump from $8.85 a share the day before.

DeCinces sold his shares for a profit of about $1.38 million, the SEC said. And it said the five people DeCinces tipped off made a total of $2.4 million in alleged illegal profits.

The Orioles declined to comment Friday.

Though salaries for top players during his day were not what they are now, Murray signed several free-agent contracts in the 1990s and made tens of millions in the game. He protected his privacy and had a reputation for being surly with reporters, but Murray was an unquestioned clubhouse leader who was respected by teammates and opponents alike.

A durable star nicknamed “Steady Eddie,” he also played for the Los Angeles Dodgers, New York Mets, Cleveland Indians and Anaheim Angels in a 21-year major league career. Murray finished with 504 homers and 3,255 hits, making him one of only four players to reach both 500 home runs and 3,000 hits.

Hank Aaron, Willie Mays and Rafael Palmeiro are the others.

Murray, an eight-time All-Star and the 1977 AL Rookie of the Year, played in two World Series with Baltimore and one with Cleveland. He helped the Orioles win a championship in 1983 and was elected to the Baseball Hall of Fame on his first try 20 years later.


AP Sports Writer Mike Fitzpatrick in New York contributed to this report.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

blog comments powered by Disqus
Get Adobe Flash player
You Might Also Like
  • Nathan Walker waits to take the ice during the Capitals' development camp at the Kettler Capitals Iceplex in Arlington on Monday, July 9, 2012. (Ryan M.L. Young/The Washington Times)

    Nathan Walker’s NHL dreams send him around the world

  • Washington Nationals' Anthony Rendon, third from left, smiles as he warms up with his teammates who were were wearing t-shirts in support of him for the All Star game before an interleague baseball game against the Baltimore Orioles at Nationals Park, Tuesday, July 8, 2014, in Washington. (AP Photo/Alex Brandon)

    Anthony Rendon not an All-Star, but he’s been Nats’ MVP

  • Baltimore Orioles manager Buck Showalter speaks during a media availability in the dugout before an interleague baseball game against the Washington Nationals at Nationals Park, Monday, July 7, 2014, in Washington. (AP Photo/Alex Brandon)

    LOVERRO: Suck-up Buck Showalter needs history lesson

  • Argentina's Maxi Rodriguez, left, celebrates with goalkeeper Sergio Romero after scoring the decisive goal during the World Cup semifinal soccer match between the Netherlands and Argentina at the Itaquerao Stadium in Sao Paulo, Brazil, Wednesday, July 9, 2014. Argentina beat the Netherlands 4-2 in a penalty shootout to reach the World Cup final. (AP Photo/Frank Augstein)

    Argentina beats Dutch in shootout to reach World Cup final

  • Washington Redskins safety Tanard Jackson speaks during a media availability after an NFL football training camp practice at Redskins Park, Friday, Aug. 3, 2012 in Ashburn, Va. (AP Photo/Alex Brandon)

    Tanard Jackson suspended indefinitely by NFL — again

  • Celebrities In The News
  • Hall of Fame Inductees, KISS, Paul Stanley, Peter Criss, Gene Simmons, and Ace Frehley speak at the 2014 Rock and Roll Hall of Fame Induction Ceremony on Thursday, April, 10, 2014 in New York. (Photo by Charles Sykes/Invision/AP)

    KISS rocker Gene Simmons touts 1 percent life: ‘It’s fantastic’

  • This image from video released by Funny Or Die shows President Obama, left, with actor-comedian Zach Galifianakis during an appearance on "Between Two Ferns," the digital short with a laser focus on reaching people aged 18 to 34. The president urged young people to sign up for the new health care plan through an appearance posted Tuesday, March 11, 2014, on the comic website Funny or Die, bypassing TV talk show titans like Jimmy Fallon or Jimmy Kimmel for an online audience. (AP Photo/Funny Or Die)

    Obama’s ‘Ferns’ interview gets Emmy nod

  • ** FILE ** In this Nov. 12, 2013, file photo, actor Alec Baldwin leaves court in New York. (AP Photo/Seth Wenig, File)

    Alec Baldwin in talks to play Rob Ford-like mayor in new NBC drama