LB Mychal Kendricks Cut From Browns For ...Insider Trading?

[Doc Reeves 6434]

 

 

 

Pleaded Guilty could get 25 yrs.

PHILADELPHIA - Former Cleveland Browns linebacker Mychal Kendricks has pleaded guilty to insider trading charges in a Philadelphia courtroom.

The 27-year-old told the judge on Thursday he knows he was wrong and entered the guilty plea because "it's the right thing to do."

He faces up to 25 years in prison when he's sentenced in December.

Prosecutors say analyst Damilare Sonoiki fed Kendricks confidential information on four companies about deals that sent their stock prices soaring. They say at the end of the two-year scheme, Kendricks made about $1.2 million.

Sonoiki's lawyer tells the Philadelphia Inquirer that his client also would plead guilty, but no date is set.

Kendricks, who signed a one-year contract with the Browns in June after winning a Super Bowl title last season with the Eagles, was released from the Browns last week after the charges were filed. He's also facing possible further discipline from the NFL for violating its personal conduct policy. NFL spokesman Brian McCarthy said the league is reviewing the situation.

Prosecutors allege co-defendant Sonoiki was paid $10,000 in kickbacks in the scheme from 2014-2015, as well as perks like tickets to Eagles games and tagging along to a music video shoot or nightclub appearances, said U.S. Attorney William McSwain.

Sonoiki had been working as a junior analyst at an unnamed investment bank in New York, prosecutors said. An IMDB profile lists him as a former writer on the popular TV series "Black-ish" as well as other movies and TV shows.

 

The Browns signed Kendricks as a free agent, bringing him in to upgrade their linebacker corps following an 0-16 season. Kendricks spent six years with the Eagles, who drafted him in the second round in 2012 after he played at California.

The 5-foot-11, 240-pounder recorded a team-high eight tackles in last season's NFC Championship against Minnesota and had four in Philadelphia's Super Bowl win

Edited September 7, 2018 by Doc Reeves

[Texaskimo 135]

Anything to get out of playing for the Browns.

[Mileslong 4812]

I wanted Dallas to draft him in the second round. Dude is a baller as we found out when we played Cal...

[MadBurgerMaker 404]

25 years seems like a lot for that.

[Tex Pete 21510]

I figured Baker Mayfield was giving him insider information on pieces of shit.

[Huckleberry 34743]

15 minutes ago, MadBurgerMaker said:

25 years seems like a lot for that.

Would it be a political/Cloak Room post to say something about how he should have been elected to Congress first and then he wouldn't be in trouble? I mean it's true and it applies to all politicians of every party, so I guess it's political but not partisan.

So I won't say it.

[Tex Pete 21510]

25 minutes ago, Huckleberry said:

Would it be a political/Cloak Room post to say something about how he should have been elected to Congress first and then he wouldn't be in trouble? I mean it's true and it applies to all politicians of every party, so I guess it's political but not partisan.

So I won't say it.

I won't even neg you for it. It's non-partisan and the truth.

[Mileslong 4812]

Would it be a political/Cloak Room post to say something about how he should have been elected to Congress first and then he wouldn't be in trouble? I mean it's true and it applies to all politicians of every party, so I guess it's political but not partisan.
So I won't say it.

As long as you don’t say it then it’s ok with me. Also it being true gets you a pass