Federal prosecutors unsealed an insider trading indictment Tuesday against three current and former minor league baseball players, including a Valhalla High School graduate drafted by the Tampa Bay Rays, accusing them of illegally making about $189,000 off Jack in the Box's 2021 acquisition of Del Taco. The Securities and Exchange Commission on Tuesday also filed an insider trading civil lawsuit against the trio and a fourth former minor leaguer.
Though prosecutors said the criminal indictment was unsealed Tuesday, it was not yet available publicly. Prosecutors said Qsar, Witherspoon and Bernard were indicted on charges of conspiracy, securities fraud and wire fraud. It was unclear Tuesday if any of the men were represented by attorneys who could comment on their behalf. Qsar could not be reached for comment.