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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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1

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

2

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
Arts & EntertainmentInsider trading

Former MLB Star Doug DeCinces Faces Up to 220 Years in Prison for Insider Trading

Aric Jenkins
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Aric Jenkins
Aric Jenkins
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Aric Jenkins
By
Aric Jenkins
Aric Jenkins
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May 13, 2017, 9:23 AM ET
California Angels
Doug DeCinces #11 of the California Angeles looks to make a throw to first base during an Major League Baseball game circa 1986 at Anaheim Stadium in Anaheim, CaliforniaFocus On Sport Getty Images
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Former Major League Baseball player Doug DeCinces is headed to a different kind of bullpen.

The 66-year-old ex-California Angels third baseman was found guilty of 14 counts of insider trading Friday and faces up to 220 years in prison, a spokesman for the U.S. Attorney’s Office said, according to CBS Los Angeles.

DeCinces received his stock tips from friend and former entrepreneur James Mazzo, a co-defendant whom the jury deadlocked on all counts for, while another co-defendant David Parker was also convicted of insider trading, CBS reports.

DeCinces and Parker are allowed to remain free on bond until sentencing. A sentencing date has yet to be set.

Prosecutors were able to convince the jury that DeCinces made about $1.3 million from the tips but his attorney, Kenneth Julian, questioned why Mazzo, as the alleged source of these tips, was not convicted as well.

“We don’t believe this is the end,” Julian told CBS, suggesting there is merit for another trial due to Julian’s lack of conviction.

DeCinces started his baseball career with the Baltimore Orioles in 1973 and went on to become a third-place runner up in the American League MVP vote with the Angels in 1982, when he hit a career best 30 home runs and 97 RBIs.

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