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Former Browns LB Mychal Kendricks pleads guilty to insider trading

Former Browns LB Mychal Kendricks pleads guilty to insider trading
Posted at 5:25 PM, Sep 06, 2018
and last updated 2018-09-06 17:28:00-04

Ex-Eagle and former Browns LB Mychael Kendricks pleaded guilty to federal insider trading charges on Thursday in Philadelphia.

Kendricks, 27, faces up to 25 years in prison. Kendricks "leveraged insider stock tips to fatten his already enviable financial portfolio," Philly.com reported.

RELATED: Browns linebacker Mychal Kendricks charged with insider trading

Kendricks was released by the Browns in August after having been signed by the team in June.

In a statement released by his lawyer, Kendricks said he was sorry and takes full responsibility for his actions.

“While I didn’t fully understand all of the details of the illegal trades, I knew it was wrong, and I wholeheartedly regret my actions,” Kendricks said in the statement.

RELATED: Browns linebacker Mychal Kendricks released after being charged with insider trading

Kendricks will be sentenced in December, according to Philly.com.

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