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re: Ex-Eagle Mychal Kendricks pleads guilty to insider Trading. Faces 25 years
Posted on 9/7/18 at 11:00 am to TechDawg2007
Posted on 9/7/18 at 11:00 am to TechDawg2007
At least he was using his money to make money and not pissing it away.....wonder who fingered him.
1.2 million is chump change for insider trading over a 4 year period. I knew of politicians that made more than this doing pretty much the same thing and it was all legal.
Selective prosecution if you ask me
1.2 million is chump change for insider trading over a 4 year period. I knew of politicians that made more than this doing pretty much the same thing and it was all legal.
Selective prosecution if you ask me
Posted on 9/7/18 at 11:14 am to gthog61
quote:
Well at least it isn't a cliche NFL crime like beating a woman or something.
shite, he would have gotten a contract extension, and no jail time for sure.
Posted on 9/7/18 at 11:50 am to Kracka
I suspect the fine will be more severe than the prison time. With good behavior, he does no more than 6 months.
This post was edited on 9/7/18 at 11:52 am
Posted on 9/7/18 at 11:53 am to Jack Ruby
quote:
I don't know about federal Court, but I know in state Court you would never plead guilty until you've struck your deal with the prosecutor.
At your arraignment, you always plead not guilty, then there's a time period set to accept a plea offer. All the negotiations go on behind the scenes, then, unless your absolutely innocent, you plead and the judge issues the state recommended sentence.
If you plead guilty right off the bat, I believe it's then up to the judge and only the judge on how he feels the sentence should be handed down.
Obviously, Kendricks is not going to get 25 years, and even if he did, he would parole out after serving far less than the actual sentence. For many state felonies, unless it something like capital murder, an actual prison time can range anywhere from 1/6 to 1/4 of the sentence before parole eligibility.
Kendricks will probably do time, but nothing near what the headline says. Martha Stewart, whom benefitted far more than $1.5 million, only did like 10 months or so in a minimum security fed. Prison if I remember correctly.
Feds have to do 80% of their time behind bars at the bare minimum
Posted on 9/7/18 at 1:45 pm to KiwiHead
quote:
At least he was using his money to make money and not pissing it away.....wonder who fingered him
The sec monitors trade activity around announcements and stock moves. Anyone looks too suspicious, you need to prove your innocence
Posted on 9/7/18 at 1:56 pm to SlowFlowPro
quote:
i can pull up the sentencing guidelines to guess
nothing close to 25 years. he pled pre-indictment and admitted guilt and i don't think he has a criminal history
Yep. It's based on levels; each level has a range. I am guessing that this either a level 37 ish offense, or a combination of charges with the maximum sentence added together. Pleading guilty usually drops your level by 5, which can greatly reduce your sentence. I could see him getting about a 12-24 month sentence.
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