3 months ago
Thanks to an insider trading charge, Mychal Kendricks could find himself on the outside of the NFL looking in – forever.
Kendricks played with the winning Philadelphia Eagles in last year’s Super Bowl—but he was cut in the offseason. The Cleveland Browns released him yesterday after he admitted and apologized for trading tickets and cash for trading tips.
— Ian Rapoport (@RapSheet) August 29, 2018
According to the feds, Kendricks allegedly transformed $80,000 into $1.2 million in profits over a four-month period about four years ago.
“When individuals engage in insider trading … it undermines the public’s faith in our markets and harms ordinary investors who do play by the rules,” said U.S. Attorney William McSwain. “As alleged in the criminal information filed earlier today, Mr. Sonoiki [Kendricks’ associate] and Mr. Kendricks were definitely not playing by the rules. Each has been charged with one count of conspiracy to commit securities fraud and one count of securities fraud.”
In addition to being investigated under the NFL’s personal conduct policy, Kendricks could face prison time.
Considering he’s 27 and was listed as a backup with the Browns, it’s likely his career in the NFL could be over whether he is put behind bars or not.
Whether that’s morally correct or not is another matter entirely.
Read the full story at ProFootballTalk
I'm curious to see how this Mychal Kendricks situation plays out because right now, NFL players that have been busted with PEDs, drugs, domestic violence charges and have played again.
Do things change with alleged insider trading? @FOX29philly
— Kristen Rodgers (@KristenERodgers) August 29, 2018