Pro baseball players charged with insider trading of Del Taco stock [Video]

Four current and former minor league baseball players have been charged with insider trading of Del Taco stocks.

Jordan Qsar, Austin Bernard, Grant Witherspoon and Chase Lambert are accused of illegally trading shares of the restaurant chain based off information they learned before the company was bought by Jack in the Box in 2021. The group allegedly made nearly $190,000 in profits off the merger, according to a complaint filed by the U.S.Securities and Exchange Commission.

Court documents claim that Qsar — who was a minor league baseball player at the time — learned about the acquisition deal before it was formally announced from a friend who worked in finance at Jack in the Box. The complaint alleges the employee — who was not charged or identified in court documents — believed Qsar would keep the information private. 

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Instead, prosecutors say Qsar purchased call options at the time and tipped …