Browns linebacker Mychal Kendricks charged with insider along with 'Black-ish' writer

Browns linebacker Mychal Kendricks charged with insider along with 'Black-ish' writer

U.S. Attorney's Office has just announced an indictment against former Philadelphia Eagle and current Cleveland Browns linebacker Mychal Kendricks and a former investment banker.

In a statement released by his lawyer Wednesday, Kendricks said he was sorry and takes full responsibility for his actions.

"TV writer and former Goldman Sachs analyst Damilare Sonoiki was "brazenly passing along insider information", including heads-ups on stock mergers and acquisitions, to Kendricks from 2013 to 2015", Roebuck reported via Twitter.

'Four years ago, I participated in insider trading, and I deeply regret it, ' Kendricks's statement read.

Kendricks said he's cooperated fully with authorities and, though he didn't collect profits from the illegal trading, he intends to "repay all the illegal funds and accept the consequences of my actions".

He said he is cooperating with the investigation.

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Despite these being much more serious charges, the Browns organization has shown a willingness to hold onto players despite off-field incidents occurring. He said he invested money with a friend he trusted and that he did not understand all of the details of his investment but "knew it was wrong". He reportedly made a profit of about $1.2 million by reportedly paying Sonoiki in cash as well as with Philadelphia Eagles tickets.

I sincerely apologize to my coaches, the owners, and my teammates on the Eagles and the Browns, the National Football League, and the magnificent fans to whom I owe my career.

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Originally taken in the second round of the 2012 NFL Draft out of Cal, Kendricks appeared in 85 games over six seasons for the Eagles. I also apologize to my family, who I have failed in this. "We wil comment further at the appropriate time".

The Browns, though, were not fully aware of Kendricks' situation prior to him signing a one-year, $3.5 million deal this offseason, a source told cleveland.com's Mary Kay Cabot. Last season, he recorded 77 combined tackles and two sacks in 15 games.

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