CLEVELAND, OH. (THECOUNT) — Cleveland Browns linebacker Mychal Kendricks is facing federal charges after admitting to insider trading several years ago.
Kendricks made more than $1 million by trading before four acquisitions were announced, Department of Justice and FBI officials said during a news conference on Wednesday.
“I would like to apologize. Four years ago, I participated in insider trading, and I deeply regret it. 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,” Kendricks said.
“To this point, I had worked my tail off since I was 5 years old to become a football player. 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.” source
He said he is cooperating with the investigation.
Developing.
BUTLER, PA. (THECOUNT) -- Gabriel Bishop GoFundMe: Authorities have now confirmed the identity of the…
PHOENIX, AZ. (THECOUNT) -- WNBA star Brittney Griner, who was released from Russian imprisonment in…
ORLANDO, FL. (THECOUNT) -- Sources with direct knowledge claim Britney Spears is facing "serious danger,"…
ELKHORN, OK. (THECOUNT) -- Amidst the aftermath of Friday's storm, country singer and songwriter Zach…
It is with heavy hearts that we bid farewell to Toby Keith, the iconic country…
LOS ANGELES, CA. (THECOUNT) -- Suzanne Somers, perhaps best known for her breakout role on…