Baseball Hall of Famer Eddie Murray agreed to pay $358,151 to resolve U.S. regulatory claims that he reaped illegal profits from an insider-trading scheme involving his former Baltimore Orioles teammate Doug DeCinces. Murray made $235,314 in profits after Abbott Laboratories Inc. said in January 2009 it would acquire Advanced Medical Optics Inc. through a tender offer, the Securities and Exchange Commission said in an e-mail statement today. DeCinces and three others agreed to pay $3.3 million last year to settle SEC claims they reaped a total of $1.7 million, the agency said. [Bloomberg]
Sleep Where Convicted Insider Trader Doug Whitman Hath Slept
The Whitman Capital founder has a real estate opportunity for you.
Accused Insider Trader Doug Whitman Made A Halfhearted Attempt At The Faux Sympathy Route In Pumping Depressed Informant For Inside Information
Shortly before losing his patience and wondering aloud what the hell she was good for if not bringing him hot tips. FBI informant Roomy Khan, 53, told jury that she gleaned illegal tips on Polycom’s earnings from Sunil Bhalla, a former Polycom exec who was placed on leave in 2009. She then passed those tips to Whitman [Capital founder Doug Whitman] and a handful of other hedgie pals, including convicted Galleon Group co-founder Raj Rajaratnam and her bosses at Trivium Capital Management...“You know what would make you feel better?” Whitman asked Khan when she started complaining about her lot in life. “Calling Sunil and getting a good call on Polycom and being able to short it.” “Yeah, but I could go to jail for doing that, too,” Khan said. “You’re not going to be a slimeball, what do I want to talk to you for,” Whitman said. Roomy Not Slimy [NYP]