William Barzee on the Entanglement of Former Major League Baseball Players in Galleon Case

William Barzee, a federal criminal defense lawyer from Miami, Florida, served as the attorney for Zvi Goffer, one of the hedge fund employees charged in the Galleon Management insider trading case. Barzee argued that his client did not participate in insider trading and was, in fact, fired for his refusal to make trades based on insider information.

Years after the initial trial, the Galleon Management insider trading scandal continues to grow. In the latest wrinkle, the Securities and Exchange Commission (SEC) is investigating whether several former Major League Baseball players may have acted on insider information when making stock purchases. This segment of the case centers on former Baltimore Orioles players Eddie Murray and Doug DeCinces. The two played on the team together between 1977 and 1982 and have remained on friendly terms.

Prosecutors and SEC regulators are investigating whether Murray made suspicious purchases of Advanced Medical Optics stock in 2009, immediately before Abbott Laboratories acquired the medical device firm for $2.8 billion. DeCinces has already settled separately with the SEC, though he has admitted no wrongdoing. SEC investigators theorize that DeCinces received information from someone directly involved in the takeover, acted on the tip, and then passed the tip on to Murray. However, investigators have been having trouble narrowing down who the leaker was, since there appear to have been leaks at every stage of the process.

About William Barzee

Miami native William Barzee has lived, attended school, and worked in the south Florida city his entire life. Attending Coral Gables Senior High School as a teenager, he later enrolled at the University of Miami, also in Coral Gables. During his undergraduate years, he joined various student organizations. He served as a Student Representative to the University’s Board of Trustees and spent time as the President of the student government. William Barzee’s scholastic aptitude earned him memberships in the Iron Arrow Society, the Appeals Committee, and the Honor Council. Finishing his degree at Florida International University in Miami, William Barzee earned a Bachelor of Arts and became a member of a Phi-Lambda national honors fraternity. Returning to the University of Miami at its School of Law to earn his legal degree, he supplemented his studies with a variety of services. Contributing to a national mock trial team, William Barzee also participated as a Finals Review Student Lecturer and Honor Council Student Advocate. He wrote for the University of Miami Law Review and won an American Jurisprudence Book Award before graduating cum laude. Accepting his first career position with the Law Offices of the Public Defender for Miami-Dade County, William Barzee spent over three years as a Special Assistant Public Defender and close to five years as an Assistant Federal Public Defender. After a year and a half as a solo practitioner in Miami, he cofounded his criminal law practice Barzee Flores. Located at the Courthouse Center, 40 N.W. 3rd Street Penthouse 1 in Miami, Barzee Flores has represented clients in federal and state cases since 2008. For more information on Mr. Barzee and the law firm, please visit www.barzeeflores.com.
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