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lolgaonline wrote 5 articles and got 0 comments. The last article was submitted on 10/09/18

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  Brown cuts off insider trading alleged linebacker Kendricks

Date Wednesday, September 12th 2018, 4:29 AM; Icon 19; Date 0; Attitude +0 | 0 | -0

The Pennsylvania Eastern District Attorney's Office announced on Wednesday morning that Brown lineback former Eagles player Mychal Kendricks was charged with insider trading.In the evening,Brown cut Kendricks.

According to US Attorney William McSwain,Kendricks was accused of a conspiracy securities fraud and a co-defendant,Damilare Sonoiki.Securities fraud.

According to Prosecutor Max Wayne,using the important non-public information of global investment company banker Sonoke,the investment from July 2014 to March 2015 was less than $1.2 million.In exchange for information,Kendricks gave Sonoke $10,000 and Eagle tickets.

Kendricks played for the Hawks from 2012 to 2017 and then signed a one-year contract with Brown in the offseason.

Kendricks also issued an apology on Twitter,claiming that he has recognized the seriousness of the problem and will actively cooperate with (www.lolga.com ) the prosecution's investigation.If convicted,Kendricks will face a maximum sentence of 25 years imprisonment,3 years of supervised release and a fine of $5,250,000,and the confiscation of these proceeds.

Brown also responded: "We have contacted the Alliance Office and are seeking more information.Kendricks will not travel to Detroit to participate in the fourth preseason.We will share this at a suitable time later.Progress at the time."

The NFL official also issued a similar statement.



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