"Minor League Baseball Players Charged with Insider Trading in Fast Food Merger"
Originally Published 1 year ago — by The San Diego Union-Tribune
Three current and former minor league baseball players, including Jordan Qsar, have been indicted for allegedly making $189,000 in illegal profits from insider trading related to Jack in the Box's acquisition of Del Taco in 2021. The Securities and Exchange Commission also filed a civil lawsuit against the trio and a fourth former minor leaguer, alleging they received insider information from a friend working at Jack in the Box and shared it with others, resulting in significant stock gains. The players face charges of conspiracy, securities fraud, and wire fraud, with the SEC seeking injunctions, disgorgement of profits, and civil penalties.