The Cleveland Browns wasted little time parting ways with yet another problem in their organization, as they proved that they just don't have anymore patience for those that don't deserve it. The Browns released linebacker Mychal Kendricks on Wednesday night, just hours after he was charged with insider trading that made him $1.2 million. All of that money comes from illegal profits and four major investments from four years ago.
Kendricks apologized after the announcement was made of his charge earlier Wednesday, as he admitted to all of it and said that he "knew it was wrong." He also mentioned that he "accepts full responsibility for my actions," which little did he know at the time would include him not having a team by the end of the day. Television writer Damilare Sonoiki has also been charged with helping Kendricks in these illegal actions. If convicted, both Kendricks and Sonoiki face "substantial prison time."
The 27-year-old Kendricks says that he has fully cooperated with authorities and will continue to do so. He also reportedly plans on repaying all of the illegally gained funds. He spent his first six seasons with the Philadelphia Eagles, and even brought home a Super Bowl Championship last season before getting released in May. He would go on to sign a one-year deal with the Browns in June.
Sonoiki's help comes from him being a former investment banking analyst at a bank that tipped Kendricks to four corporate acquisitions spanning four months in 2014. In return, Kendricks gave Soniki perks such as tickets to Eagles games, luxury car service, and even $10,000. The linebacker apologized to the organization, his fans, and family, but now has much larger issues than anything he could ever face on the field.
Kendricks apologized after the announcement was made of his charge earlier Wednesday, as he admitted to all of it and said that he "knew it was wrong." He also mentioned that he "accepts full responsibility for my actions," which little did he know at the time would include him not having a team by the end of the day. Television writer Damilare Sonoiki has also been charged with helping Kendricks in these illegal actions. If convicted, both Kendricks and Sonoiki face "substantial prison time."
The 27-year-old Kendricks says that he has fully cooperated with authorities and will continue to do so. He also reportedly plans on repaying all of the illegally gained funds. He spent his first six seasons with the Philadelphia Eagles, and even brought home a Super Bowl Championship last season before getting released in May. He would go on to sign a one-year deal with the Browns in June.
Sonoiki's help comes from him being a former investment banking analyst at a bank that tipped Kendricks to four corporate acquisitions spanning four months in 2014. In return, Kendricks gave Soniki perks such as tickets to Eagles games, luxury car service, and even $10,000. The linebacker apologized to the organization, his fans, and family, but now has much larger issues than anything he could ever face on the field.
