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 ...
Nice list now cite the statute where insider trading is a crime.
National
Felon
League
Ridiculous sentence. Some people get less than that for murder!
Uh...yes it is.
Let the prosecutors prove him wrong.
It is a refreshing change from the usual drug, traffic, and domestic violence offenses.
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.
“Uh...yes it is.”
DUDE, everyday insiders buy and sell their company’s stock .... all legal.
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 ...
Seems a bit harsh since members of Congress are perfectly legal to deal with insider trading......
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.
” 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.
http://biography.yourdictionary.com/articles/why-did-martha-stewart-go-to-jail.html
She used insider information.
Hmmmm ... how come these guys reported their insider trading and were not charged ....
https://finviz.com/insidertrading.ashx
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.
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