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Browns linebacker Mychal Kendricks charged with insider trading

US news August 29, 2018
The US Attorney for the Pennsylvania Eastern District William McSwain announced criminal charges against Kendricks and Black-ish TV writer Damilare Sonoiki on allegations of insider trading. Kendricks has since released a statement admitting to the claims.

BREAKING: Former Eagles linebacker Mychal Kendricks, now with Browns, and ‘Black-ish’ TV writer Damilare Sonoiki indicted by feds on insider trading charges

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Correction to this tweet. They were not indicted. Charged by way of a criminal information, suggesting they have already agreed to plead guilty.

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Sonoiki, a Harvard educated former investment banker, was "brazenly" passing along insider information to Kendricks from 2013-2015, US Attorney McSwain says. Heads up on mergers and acquisitions

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Kendricks allegedly provided $10K in catsh and Eagles tickets in exchange for the inside stock information.

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Kendricks and Sonoiki made near $1.2 million off their insider trading scheme.

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SEC says they were able to link trades in Kendricks' trading account to an IP address associated with Sonoiki.

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Perks Kendricks allegedly gave Sonoiki including cash bribes, Eagles tickets and arranging for Sonoiki to visit the set of an unnamed pop star's music video.

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Feds just named the "unnamed pop star" as Teyana Taylor

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Charkes against Kendricks and Sonoiki revolve four stock trades based on inside information

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BREAKING: Statement from former Eagle Mychal Kendricks, now with Browns, after feds charged him today with insider trading in Philadelphia

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Our statement on LB Mychal Kendricks:

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Mychal Kendricks’ on-field career earnings: Just over $20 million. Maximum prison sentence for insider trading: 20 years. Doesn’t seem like it was worth it to me.

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