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Super Bowl champ pleads guilty to insider trading charges, faces 25 years in prison
NY Post ^ | 9-7-18 | unattributed

Posted on 09/08/2018 6:27:16 PM PDT by dynachrome

Former Cleveland Browns linebacker Mychal Kendricks pleaded guilty to insider trading charges on Thursday, and faces up to 25 years in prison.

U.S. District Judge Gene E.K. Pratter asked Kendricks why he was pleading guilty.

“I’m making the decision because it’s the right thing to do,” he said, according to the Philadelphia Inquirer. “I know that I made the decision to accept information, secret information, and it wasn’t the right thing to do.”

Sentencing is scheduled for Dec. 18.

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: browns; clevelandbrowns; football; insidertrading; mychalkendricks; nfl
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To: Teacher317

Nice list now cite the statute where insider trading is a crime.


21 posted on 09/08/2018 7:55:59 PM PDT by TexasGator (Z1)
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To: dynachrome

National
Felon
League


22 posted on 09/08/2018 8:54:16 PM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: dynachrome

Ridiculous sentence. Some people get less than that for murder!


23 posted on 09/08/2018 9:57:19 PM PDT by DennisR (Look around - God gives numerous, indisputable clues that He does, indeed, exist.)
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To: TexasGator

Uh...yes it is.


24 posted on 09/08/2018 9:57:59 PM PDT by DennisR (Look around - God gives numerous, indisputable clues that He does, indeed, exist.)
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To: SkyPilot
Yeah. I was born a football player but my true self is a senator".

Let the prosecutors prove him wrong.

25 posted on 09/08/2018 10:15:42 PM PDT by Eagles6
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To: dynachrome

It is a refreshing change from the usual drug, traffic, and domestic violence offenses.


26 posted on 09/08/2018 10:41:52 PM PDT by drop 50 and fire for effect ("Work relentlessly, accomplish much, remain in the background, and be more than you seem.")
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To: Bonemaker; Karl Spooner
No kidding. Short of murder, rape, armed robbery, child or animal abuse the government can go to hell with there laws as long as political elites skate.

This is exactly the way jury nullification is designed to work - laws applied unfairly to a certain class are to be systematically nullified by intelligent jurors, thus serving as a corrective to an out-of-control legal and judicial system.

Which is why that system works so hard to inconvenience and drive away prospective intelligent jurors.

27 posted on 09/09/2018 6:30:11 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: DennisR

“Uh...yes it is.”

DUDE, everyday insiders buy and sell their company’s stock .... all legal.


28 posted on 09/09/2018 7:09:51 AM PDT by TexasGator (Z1)
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To: dynachrome

yeah, at least he didn’t get videotaped beating his girlfriend ... still, it’s kind of sad that he was too stupid not to put a few cutouts between him and the insider information and make multiple small trades ... smart, rich insiders get away with this kind of shite all the time ...


29 posted on 09/09/2018 10:24:20 AM PDT by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
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To: dynachrome

Seems a bit harsh since members of Congress are perfectly legal to deal with insider trading......


30 posted on 09/09/2018 10:29:06 AM PDT by Hot Tabasco (I once found a needle in a haystack but it wasn't the one I was looking for...)
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To: TexasGator

They can only do it legally if they are using publicly-known information. If the information they have is only privately-known by themselves or others with in the company, then it is illegal. If you have doubts, ask Martha Stewart how her time was in prison.


31 posted on 09/09/2018 10:43:59 AM PDT by DennisR (Look around - God gives numerous, indisputable clues that He does, indeed, exist.)
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To: DennisR

” If you have doubts, ask Martha Stewart how her time was in prison.”

She was not convicted on insider trading. Lying Blumenthal set her up.


32 posted on 09/09/2018 11:20:33 AM PDT by TexasGator (Z1)
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To: TexasGator

http://biography.yourdictionary.com/articles/why-did-martha-stewart-go-to-jail.html

She used insider information.


33 posted on 09/09/2018 6:18:00 PM PDT by DennisR (Look around - God gives numerous, indisputable clues that He does, indeed, exist.)
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To: DennisR

Hmmmm ... how come these guys reported their insider trading and were not charged ....

https://finviz.com/insidertrading.ashx


34 posted on 09/10/2018 7:46:06 AM PDT by TexasGator (Z1)
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To: TexasGator

Did they have information that was not known to the public? And many insiders sell stocks on a scheduled basis. So an insider can trade their own stock, but it all depends on how and why.


35 posted on 09/10/2018 10:03:42 AM PDT by DennisR (Look around - God gives numerous, indisputable clues that He does, indeed, exist.)
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