Hall of Famer Murray Settles Inside Trader Case

The amount Murray is paying consists of:

— $117,657 as a civil penalty.

— $235,314 in restitution — the sum of his alleged illegal profits.

— $5,180 in interest.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *