One of the more stunning pieces of news that hit the sports world Wednesday morning involved Cleveland Browns linebacker Mychal Kendricks.
He’s being charged by the U.S. Attorney with insider trading and is alleged to have profited $1.2 million in exchange for $10,000 in cash and tickets to Eagles games.
NEW: US attorney announces insider trading charges against Cleveland Browns player Mychal Kendricks, alleging Kendricks profited $1.2M and provided $10k cash and Eagles tickets in exchange for information; Kendricks formerly played for the Philadelphia Eagles. pic.twitter.com/22kgC7Jmg0
— NBC News (@NBCNews) August 29, 2018
Kendricks admitted to being involved, apologized for his actions and is cooperating with the investigation.
Cody Benjamin of CBS Sports and Sports Spectrum spoke with legal analyst and attorney David Weinstein, who gave an estimate that Kendricks is facing between 8-12 months in prison.
Spoke with attorney/legal analyst David Weinstein. He estimates #Browns LB Mychal Kendricks is likely to serve 8-12 months in prison for insider trading. Advisory sentence would likely be higher but reduced by split sentence, house arrest, community service, etc.
— Cody Benjamin (@CodyJBenjamin) August 29, 2018
Kendricks only just signed with the Browns this past June after being surprisingly released by the Philadelphia Eagles this offseason.