Mychal Kendricks Faces 25 Years In Prison After Pleading Guilty To Insider Trading

Former Philadelphia Eagles linebacker Mychal Kendricks ficially plead guilty to Insider’s Trading this afternoon and could face up to 25 years in a federal prison. Kendricks played a pivotal role in Philadelphia’s Super Bowl run last term. For budgetary reasons however (how ironic) the Eagles decided to prioritize other pending free agents on their roster, so Mychal opted to sign with the Cleveland Browns, who then cut him from their 50-man roster after hearing his indictment. The Browns were scheduled to pay him $500,000 for his services this season.

“Because I know I was wrong,” he said. “I know that I made the decision to accept information, secret information, and it wasn’t the right thing to do,” admitted Kendricks after his hearing. “I’m making the decision because it’s the right thing to do.” Kendrick made roughly $1.2 million in prits after stuffing the pockets a former Goldman Sachs’ analyst, who stands accused “playing ball” with the footballer and an unspoken third party.

Kendricks felt the urge to dip into the cookie jar, even though he’s believed to have been frugal with his $20 million career earnings. Kendricks’ sentencing will take place in December, for which he hopes the judge will treat him with leniency for coming clean right from the start.

Cleveland Browns LB Mychal Kendricks Charged With Insider Trading

Former Philadelphia Eagles linebacker, and current member the Cleveland Browns, Mychal Kendricks has been indicted for insider trading that took place during his time in Philly. 

Kendricks has already released an apology his attorneys, in which he admitted to the crimes and says he knew it was wrong but didn’t fully understand the details his actions. Kendricks allegedly made a prit nearly $1.2 million from investments tied to insider trading.

Additionally, “Black-ish” TV writer Damilare Sonoiki, who is a former partner at a global investment bank, has been charged with assisting Kendricks in his investments, according to multiple reports. Philadelphia-based U.S. Attorney William M. McSwain told reporters today (H/T NBC Philadelphia), “Within a year beginning his employment at the investment bank, he Sonoik] was brazenly committing crimes. He is alleged to have passed material non-public info to an acquaintance, Mr. Kendricks.”

NBC Philadelphia reports:

The Browns released the following statement in wake today’s report: “Mychal will not make the trip to Detroit. We will comment further at the appropriate time.”