Cleveland Browns Mychal Kendricks, 27, pleads guilty to insider trading

By ASSOCIATED PRESS | Source: The DailyMail

Former Cleveland Browns linebacker Mychal Kendricks pleaded guilty to insider trading charges on Thursday, and faces up to 25 years in prison.

Kendricks, who signed a one-year contract with the Browns in June after winning a Super Bowl title last season with the Philadelphia Eagles, used tips from an acquaintance to make about $1.2 million in illegal profits on four major trading deals, federal prosecutors said.

Scheme: Sonoiki worked at Goldman Sachs at the time and received $100,000 in kickbacks as well as perks like football tickets claim prosecutors 

The Browns released him from the team on August 29, after the charges were filed.

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