Mychal Kendricks charged with insider trading

[tsylvester]

Knuckle head...

Cleveland Browns linebacker Mychal Kendricks has apologized after being charged Wednesday with insider trading by federal prosecutors to make nearly $1.2 million in illegal profits on four major investments four years ago.

 

Kendricks released a statement shortly after the announcement by U.S. Attorney William McSwain, admitting to insider trading and saying he accepts "full responsibility for my actions" and that he "knew it was wrong."

 

McSwain, the U.S. Attorney for the District Court of Eastern Pennsylvania, said both Kendricks and Sonoiki face "substantial prison time" if convicted.

 

[vmax]

It's ok.

He read the same scripted and prepared statement all NFL players say.

"admitting to insider trading and saying he accepts "full responsibility for my actions""..."I sincerely apologize to my coaches, the owners, and my teammates on the Eagles and the Browns, the NFL, and the magnificent fans to whom I owe my career," Kendricks said in the statement. "I also apologize to my family, who I have failed in this. You all deserve better, and I will work my hardest to re-earn your trust and respect, serve as an advocate to educate others, and show you that I will never be involved in anything like this again."

 

Now...if you turn to page 26 of your ER posters manual you can read the actual translation on the above statement

"I didn't feel bad at all until I got caught. i sure as hell wasn't going to tell anybody or confess. But I'll read this statement because it gets everybody off. I mean....I'm sorry. Can you keep paying me...please?"

[tsylvester]

Yeah, we shall see if he "accepts it", if he pleads guilty in court. The other question is, how much jail time will he get... But hey, at least it is country club prison.

[papasmurfbell]

They are getting a bunch of ppl on insider trading lately.

[JPPT1974]

Heard that he is looking at eight to ten months in prison over it.

[tsylvester]

Juat enough timento fix his golf swing.