Published: Thu, August 30, 2018
Sports | By Juana Wells

Cleveland Browns LB Mychal Kendricks charged by feds with insider trading

Cleveland Browns LB Mychal Kendricks charged by feds with insider trading

The NFL linebacker with the Cleveland Browns allegedly made almost $1.2 million in profits from the investments four years ago.

Kendricks helped the Eagles win their first Super Bowl a year ago.

According to US Attorney William McSwain, Sonoiki obtained information on the upcoming mergers of four clients of his bank - Move, Sapient, Compuware and Oplink, and passed the information along to Kendricks, who then purchased call options in all four companies.

The 27-year-old linebacker, who signed a one-year contract with the Browns in June, said he fully cooperated with the federal investigation.

Per Jeremy Roebuck of the Philadelphia Inquirer, Kendricks' attorney, Michael Schwartz, said the linebacker is expected to plead guilty in the coming weeks. He also said he would repay all of the illegally gained funds.

Kendricks' "former friend" appears to be TV writer Damilare Sonoiki, a Harvard graduate who worked at Goldman Sachs before becoming a staff writer for ABC's "Black-ish".

A message seeking comment from the federal defender representing Sonoiki wasn't immediately returned. The information further alleges that defendant Kendricks provided defendant Sonoiki with tickets to Eagles games and approximately $10,000 in cash.

"We are aware of the situation and in communication with the league office as we gather more information", the statement said.

Sonoiki had been working as a junior analyst at an unnamed investment bank in NY, prosecutors said.

On Wednesday morning, the Browns released a statement on Twitter revealing Kendricks will not make the trip to Detroit for the team's preseason finale against the Lions on Thursday.

The Browns signed Kendricks as a free agent in June, bringing on the Super Bowl victor to upgrade their linebacker corps following an 0-16 season.

Kendricks, a second-round draft pick in 2012, spent his first six seasons with the Eagles, a consistent starter on their defense who has 14 career sacks.

The 5-foot-11, 240-pounder recorded a team-high eight tackles in last season's NFC Championship against Minnesota and had four in Philadelphia's Super Bowl win.

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