Former Baltimore Orioles and California Angels third baseman Doug DeCinces was convicted of insider trading on Friday.
According to the Associated Press, DeCinces was found guilty on 13 federal insider trading charges after he purchased stock in Advanced Medical Optics eight years ago that eventually netted him a $1.3 million profit.
DeCinces reportedly purchased more than 90,000 shares of the company just before it was sold to Abbott Laboratories after allegedly learning about the sale from a neighbor who was the CEO of Advanced Medical Optics. The 66-year-old now faces the prospect of serving 10 or more years of jail time.