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Cleveland Browns linebacker Mychal Kendricks was released by the NFL team Wednesday night Jeff Skinner Jersey , hours after he was charged by federal prosecutors in Philadelphia with insider trading.
Kendricks, who signed a one-year contract with the Browns in June after winning a Super Bowl title last season with the Eagles, allegedly used tips from an acquaintance to make about $1.2 million in illegal profits on four major trading deals, federal prosecutors said.
The 27-year-old issued a statement earlier in the day admitting to his guilt and apologizing. He expressed regret and accepted “full responsibility” for his actions.
However, the Browns decided after learning more about the case that they couldn’t go forward with Kendricks, who was going to start for the team. The Browns issued a statement after traveling to Detroit for Thursday night’s exhibition finale against the Lions. Kendricks did not make the trip.
“Prior to signing Mychal, we were informed that there was a financial situation that he had been involved with in 2014,” Browns general manager John Dorsey said. “We were told Mychal had fully cooperated with investigators as a victim. From what was communicated at that time and based on the numerous questions we asked and further due diligence on our part, including checking with the league office, there was no information discovered that conveyed otherwise.
“Recently, we were provided an update on the matter and the circumstances have changed. We are now dealing with a different set of facts and the additional information we’ve gathered has led us to the decision to release Mychal from our team.”
Kendricks is facing possible prison time and further discipline from the NFL for violating its personal conduct policy.
NFL spokesman Brian McCarthy said the league is reviewing the situation.
Prosecutors allege his co-defendant, Damilare Sonoiki, was paid $10 Womens Jared McCann Jersey ,000 in kickbacks in the scheme from 2014-2015, as well as perks like tickets to Eagles games and tagging along to a music video shoot or nightclub appearances, said U.S. Attorney William McSwain.
Sonoiki had been working as a junior analyst at an unnamed investment bank in New York, prosecutors said. An IMDB profile lists him as a former writer on the popular TV series “Black-ish” as well as other movies and TV shows.
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,” he said in the statement. He also claimed he didn’t take any of the profits for himself but didn’t elaborate on where the money went. I am committed to repaying all of the funds gained illegally and accept the consequences of my actions.”
Kendricks said he has been cooperating with authorities since the investigation began.
McSwain along with representatives from the FBI and the Securities Exchange Commission— which filed a separate complaint — said Kendricks and Sonoiki used coded language in messages to try to hide their actions. McSwain said Sonoiki, who had limited trading powers at the time, would gave non-public information to Kendricks about acquisitions and other deals that would affect the price of securities for at least four different companies.
Stephanie Avakian, co-director of the U.S. Securities and Exchange Commission’s Division of Enforcement, said in one message when Sonoiki was asking for payment, he told Kendricks that he liked Philadelphia bread used in cheesesteaks more than the bread in New York and asked that Kendricks bring him some.
They also had a conversation pretending to be talking about changing the number on Kendricks’ jersey to 80 Morgan Rielly Jersey , meant to signify the amount of money that should be deposited into a new trading account, she said.
If the men are convicted, they could face up to 25 years in prison and a fine of up to $5.25 million as well as the seizure of any profits made from the insider trading.
The Browns signed Kendricks as a free agent, bringing him in to upgrade their linebacker corps following an 0-16 season. Kendricks spent six years with the Eagles, who drafted him in the second round in 2012 after he played at California.
The 5-foot-11, 240-pounder recorded a team-high eight tackles in last season’s NFC Championship against Minnesota and had four in Philadelphia’s Super Bowl win.
The Chicago Cubs will try to extend their season-best winning streak to seven games when they host the Cincinnati Reds on Friday afternoon to open a three-game series at Wrigley Field.
Chicago (49-35) has outscored opponents 56-35 during its six-game winning streak, which has pushed the team 14 games above .500 for the first time this season. The Cubs have scored at least five runs in eight straight games.
Through 84 games, the Cubs’ plus-104 run differential is by far the best in the National League.
“We’re all just trying to pass it along to the next guy,” Cubs outfielder Kyle Schwarber said recently to The Athletic. “We obviously want to have our at-bat and help out the team in some way. Get on base somehow, drive in guys, get the guy over. Whatever it is, we want to do that. And then it’s up to the guy behind us.
“We have full faith in everyone on this team. That’s the bottom line, we want to pass it on to the next guy.”
Cincinnati (38-49) has enjoyed the same type of positive momentum in recent weeks and is playing its best baseball of the season as it arrives to Chicago’s North Side. The Reds have won four of their past five games and 13 of 17 after concluding a three-game series with the Chicago White
During the past 17 games Scott Laughton Jersey , the Reds have scored at least five runs 14 times.
“It’s our offense, we’re never down,” Reds pitcher Sal Romano said to the Cincinnati Enquirer. “Doesn’t matter how many runs we’re down, they’re able to come back and swing it.”
The rejuvenated Reds have won or tied each of their past five series.
“I think that it’s getting to the point now where teams, when they come to play us or when we come to play them, there’s a little bit of, ‘Oh, shoot, we’ve got the Reds,'” Reds pitcher Jared Hughes told the Enquirer. “That’s what we want.”
Cincinnati has won six of nine games against Chicago this season, including a four-game sweep in June.
Cubs left-hander Mike Montgomery (3-2, 3.55 ERA) is slated to make his eighth start. The 29-year-old has provided much needed stability in the rotation after highly touted free-agent signing Yu Darvish went to the disabled list.
In 14 career appearances (four starts) against the Reds, Montgomery is 1-1 with a 3.38 ERA. He has walked 11 and struck out 29 in 37 1/3 innings.
Cincinnati will turn to right-hander Tyler Mahle (6-6 Viktor Arvidsson Jersey , 3.83), who is set to make his 18th start of the season and the 22nd start of his career. The 23-year-old is 3-0 with a 2.18 ERA in his past six outings.
This will be Mahle’s third career start against the Cubs. In his first two meetings, both of which took place this year, he went 1-1 with a 3.00 ERA.
Cubs hitters Ben Zobrist, Javier Baez and Schwarber each have gone deep against Mahle this season. Baez has been almost perfect against the pitcher, going 4-for-5 with a triple to go along with the homer.
However, the Cubs are focused on making hard contact rather than blasting long home runs.
“We’re not trying to hit home runs,” Cubs manager Joe Maddon said to The Athletic. “We’re moving the baseball. We’re hitting it to all fields.”
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