The NFL season is just over a week away from kicking off, and it sounds like Cleveland Browns linebacker Mychal Kendricks has a lot more to worry about than just football.
Kendricks, who spent the first six years of his career with the Eagles, was one of two men charged in a federal insider trading case on Wednesday. The charge was filed by the US Attorney in Philadelphia.
Mychal Kendrick’s one time Eagles player one of two men charged in an insiders trading case by William McSwain the US Atty for the Eastern District of Pennsylvania.
— John Rawlins (@JRawlins6abc) August 29, 2018
Kendricks released a statement shortly thereafter admitting that he took part in illegal trading activity. 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.”
A statement from #Browns LB Mychal Kendrick, who has just been charged by the feds for insider trading. Wow. pic.twitter.com/0IEsV6lPTh
— Ian Rapoport (@RapSheet) August 29, 2018
Kendricks said he takes full responsibility for his actions and has been cooperating with investigators. He directed any questions to his legal team. The Browns also issued a statement saying he will not be traveling with the team to its fourth preseason game.
Our statement on LB Mychal Kendricks: pic.twitter.com/SJT4RPdo0o
— Cleveland Browns (@Browns) August 29, 2018
Believe it or not, Kendricks actually made headlines this week for some comments he made about former teammates during the latest episode of “Hard Knocks.” That all seems very insignificant now, as the 27-year-old is obviously in serious legal trouble. It would be a surprise if he doesn’t face disciplinary action from the NFL as well.
