Browns’ Kendricks Admits To Insider Trading

Browns linebacker Mychal Kendricks was charged with insider trading, according to an announcement from U.S. attorney William McSwain. Shortly after the announcement, Kendricks publicly fessed up to the crime. 

I apologize. Four years ago, I participated in insider trading, and I deeply regret it,” Kendricks said in a statement. “I invested money with a former friend of mine who I thought I could trust and who I greatly admired. His background as a Harvard graduate and an employee of Goldman Sachs gave me a false sense of confidence. To that point, I had worked my tail off since I was 5 years old to become the football player that I am today. I was drawn in by the allure of being more than just a football player. While I didn’t fully understand all of the details of the illegal trades, I knew it was wrong, and I wholeheartedly regret my actions.”

In a statement of their own, the Browns said that Kendricks will not join the team in Detroit for Thursday’s preseason finale against the Lions. Kendricks will enter a guilty plea when the time comes, but it’s not clear what kind of punishment the government will be seeking. Even if Kendricks escapes serious legal consequences, he could be subject to a suspension from the NFL.

Kendricks appeared in 15 games last season for the Eagles and racked up 75 tackles. He also logged 16 tackles in the postseason amid the Eagles’ run to their first-ever Super Bowl title. After years of trade speculation, the Eagles cut Kendricks in May, freeing him up to join the Browns.

Photo courtesy of USA Today Sports Images.

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17 comments on “Browns’ Kendricks Admits To Insider Trading

  1. charty321

    Browns have announced that they will fine him for the amount he made through the insider trading

  2. The Ghost of Bobby Bonilla

    I’ll at least give this guy credit that he is the first NFL player committing a crime to do something other than the usual: beating up his girlfriend/wife; weapons or drug charges; DUI; or murder/assault.

    Making him play for the Browns should be punishment enough.

    • crosseyedlemon

      I would like to give him some credit but he doesn’t seem that smart. If he was looking for a can’t miss investment strategy all he had to do was bet against the Browns each week.

  3. leprechaun

    Playing for the Browns is worst then prison. That’s why he pled guilty

  4. crosseyedlemon

    His dream of being more than just a football player has been realized….now he’s also a felon.

  5. WazBazbo

    Was this what he meant when he said he wanted to be an inside linebacker?

      • TJECK109

        Was it announced 4 years ago? Or did he get caught when with the Eagles? No nothing happened to him till he got to the BROWNS.

        • ohiodevil

          He was under investigation while with the EAGLES. Probably why they let him go and according to a release by Dorsey, he made it sound like he was a victim instead of being involved with it. So no, has nothing to do with Browns other than they signed and now released him.

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