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Browns LB Mychal Kendricks charged with insider trading
Posted on 8/29/18 at 9:57 am
Posted on 8/29/18 at 9:57 am
Former Eagles Player Mychal Kendricks Charged With Insider Trading, Officials Say
Kendricks’ statement:
quote:
Former Eagles player Mychal Kendricks is facing federal insider trading charges, according to Philadelphia-based U.S. Attorney William M. McSwain.
Kendricks made nearly $1.2 million by trading ahead of four acquisition announcements, according to officials. He is currently a linebacker for the Cleveland Browns.
Damilare Sonoiki, a former partner at a global investment bank, is also being charged with insider trading for receiving kickbacks from Kendricks, including NFL tickets and other perks, officials said.
"Within a year of beginning his employment at the investment bank, he was brazenly committing crimes," McSwain said. "He is alleged to have passed material non-public info to an acquaintance, Mr. kendricks."
McSwain was joined by FBI and Securities and Exchange Commission officials at a news conference in Center City Wednesday morning.
"Mr. Kendricks and Mr. Sonoiki are alleged to have cheated the markets, cheated other investors and placed themselves above the law," McSwain said.
This story is developing. Please check back for updates.
Kendricks’ statement:
14
Posted on 8/29/18 at 10:00 am to T Rich3
I thought this was about giving away Eagle intel on hard knocks 
Posted on 8/29/18 at 10:00 am to T Rich3
Been listening to Carl Nassib a little too much. Trying to increase those returns.
Posted on 8/29/18 at 10:01 am to T Rich3
Since we're so used to violent crimes from nfl players, I actually kinda impressed with this one.
Posted on 8/29/18 at 10:01 am to SanAntoneAg
Posted on 8/29/18 at 10:03 am to T Rich3
just glad we now live in a world where our athletes are being charged with white collar crimes 
This post was edited on 8/29/18 at 10:05 am
Posted on 8/29/18 at 10:05 am to T Rich3
quote:
Damilare Sonoiki, a former partner at a global investment bank,
Posted on 8/29/18 at 10:19 am to T Rich3
Get ready for another NFL lockout while players and the NFL argue over the automatic suspension policy for insider trading.
Posted on 8/29/18 at 10:34 am to T Rich3
The Goldman guy will get off with a fine and can't trade for a few years.
Kendricks will just pay what he made back.
Wonder what the NFL will do here though.
Kendricks will just pay what he made back.
Wonder what the NFL will do here though.
Posted on 8/29/18 at 11:26 am to I Bleed Garnet
quote:
Wonder what the NFL will do here though.
They should do absolutely nothing.
Posted on 8/29/18 at 11:29 am to ProjectP2294
Look at what they did with Zygi Wilf and Jimmy Haslam. Nothing.
I’m a little surprised about the evidence in this case going back to 2014. Were they really investigating these two guys for 4 years and tapping their phones?
I’m a little surprised about the evidence in this case going back to 2014. Were they really investigating these two guys for 4 years and tapping their phones?
Posted on 8/29/18 at 11:32 am to T Rich3
he should be jailed and suspended from the nfl for a year.
Posted on 8/29/18 at 11:49 am to T Rich3
There is about a .5% chance Kendrick’s wrote that statement
Football players don’t use who/whom properly
Football players don’t use who/whom properly
This post was edited on 8/29/18 at 11:50 am
Posted on 8/29/18 at 11:52 am to Mr. Hangover
quote:
Football players don’t use who/whom properly
And they don't get busted for insider trading....
Except this guy
Posted on 8/29/18 at 11:57 am to ProjectP2294
quote:
They should do absolutely nothing.
agreed completely...
But normally they get involved somehow.
Posted on 8/29/18 at 11:58 am to Keys Open Doors
quote:
Were they really investigating these two guys for 4 years and tapping their phones?
normally doing that to get more people, accounts etc.
Seeing as it's Goldman, most likely looking for politicians.
Posted on 8/29/18 at 12:05 pm to I Bleed Garnet
Yeah I guess they could tap the lines of the Goldman guy and see who shows up.
Posted on 8/29/18 at 12:09 pm to Keys Open Doors
quote:
Yeah I guess they could tap the lines of the Goldman guy and see who shows up.
thats exactly what they were doing.
All trading lines are recorded lines too.
Posted on 8/29/18 at 12:20 pm to SanAntoneAg
quote:
Been listening to Carl Nassib a little too much. Trying to increase those returns.
Hopefully this gets covered by hard knocks
Posted on 8/29/18 at 12:29 pm to I Bleed Garnet
It seems like the Goldman banker didn’t follow the Urban Meyer Rule of 30 day texts though. They had some barely coded texts from 4 years ago.
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