April 16, 2024
Federal courthouse in downtown San Diego. Photograph by Chris Stone

Three present and former minor league baseball gamers have been charged in San Diego with insider buying and selling involving Del Taco inventory, the U.S. Lawyer’s Workplace introduced Tuesday.

Jordan Joseph Qsar, 28; Grant Lee Witherspoon, 27; and Austin Lane Bernard, 28, are accused of buying Del Taco inventory, then promoting the shares as a result of Qsar realized that Jack within the Field was buying Del Taco, in keeping with a federal indictment unsealed Tuesday.

In response to the U.S. Lawyer’s Workplace, Qsar allegedly realized of the acquisition by way of a good friend who personally labored on the Del Taco deal as a senior affiliate in Jack within the Field’s strategic finance division.

Qsar then allegedly shared that info with Witherspoon and Bernard, whom he knew by way of enjoying minor league baseball within the Tampa Bay Rays‘ system and school baseball at Pepperdine College.

The trio then allegedly bought Del Taco inventory and bought it within the days after the acquisition went public in late 2021, netting them between $41,800 and $64,600.

“The system needs to be honest for everybody, or the market fails,” San Diego U.S. Lawyer Tara McGrath stated in an announcement. “Those that search to undermine this technique for private achieve will face penalties.”