Cleveland Browns linebacker Mychal Kendricks has been charged with insider trading, with an official announcement from U.S. Attorney William McSwain coming on Tuesday detailing the charges.
Kendricks released a statement shortly after the announcement saying he accepts “full responsibility for my actions” and that he “knew it was wrong.”
“I would like to apologize,” Kendricks said in a statement released by his attorneys.
“Four years ago, I participated in insider trading, and I deeply regret it. I invested money with a former friend of mine who I thought I could trust and who I greatly admired. His background as a Harvard graduate and an employee of Goldman Sachs gave me a false sense of confidence.
“To this point, I had worked my tail off since I was 5 years old to become a football player. I was drawn in by the allure of being more than just a football player. 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.”
McSwain said both Kendricks and Damilare Sonoiki, a television writer who has been charged with assisting Kendricks, face “substantial prison time” if convicted.
“I sincerely apologize to my coaches, the owners, and my teammates on the Eagles and the Browns, the NFL, and the magnificent fans to whom I owe my career,” Kendricks said in the statement. “I also apologize to my family, who I have failed in this. You all deserve better, and I will work my hardest to re-earn your trust and respect, serve as an advocate to educate others, and show you that I will never be involved in anything like this again.”
Kendricks allegedly made a profit of nearly $1.2 million via four separate investments tied to insider trading around four years ago.
Thursday Night Football Preview
For several decades, the New York Jets and the Cleveland Browns have been the laughing stock of the National Football League.
Down in New York, the Jets have struggled to find their new starting quarterback. They’ve tried quarterbacks like Mark Sanchez, Geno Smith and Chad Pennington to become the next Joe Namath. But, all they had was heartbreak. Now, entering week three in 2018, they are 1-1 with Sam Darnold at the helm. Can they go 2-1?
Over in Cleveland, Ohio, all Cleveland rooted for were Lebron James and the Cleveland Cavaliers and the Cleveland Indians. Since they returned in 1999, they’ve been through more quarterbacks then when someone changes socks. But, with a veteran quarterback leading the way and one waiting in the background, Cleveland is looking to be the top dawgz!
After almost winning in week 1 and losing by 3 in week 2, I feel like Cleveland Browns will finally win a game.
Josh Gordon Released by Browns
In 2012, in the second round of the Supplemental Draft, the Cleveland Browns selected Josh Gordon, wide receiver out of Baylor University.
When the Cleveland Browns drafted Josh Gordon in 2012, the knew he was a talented wide receiver. Since coming into the league, he has totaled over 3,000 yards. However, the problem for Josh is staying on the field and away from trouble.
Gordon’s troubles in the NFL began in 2014 when he was first was suspended a DWI in North Carolina. He returned from a year-long suspension this season and the Browns even activated him on to the 53-man roster. on September 15, 2018, the Cleveland Browns released Josh Gordon
According to Ian Rapoport of NFL Network appeared on “Good Morning Football: Weekend” to give a reason why he was released. In short, it was because they just couldn’t trust him.
The Cleveland Browns go to New Orleans to face the Saints this afternoon. Stay tuned with Sports Rants with the latest NFL news.
Browns’ Not Prioritizing Deal with Dez Bryant After Return of Josh Gordon
The Cleveland Browns may not be in such a rush to sign free agent wide receiver Dez Bryant as they were only a few short days ago, thanks to the announcement that wide receiver Josh Gordon is set to return to the team.
According to Mary Kay Cabot of the Cleveland Plain Dealer, “Bryant is no longer on the front burner” for the Browns, as Gordon’s return is certainly a boost to the offense, and the receiver corps.
If a deal with the Browns falls through this will mark the second time that Bryant has flubbed a potential deal, since his release from the Dallas Cowboys earlier this year.
Bryant turned down a lucrative long-term contract from the Baltimore Ravens shortly after his release, believing that he could fetch a better contract, from a more competitive team, on the open free agent market, but that decision proved to be foolish.
Bryant approached the Browns opportunity with the same arrogance, dragging his feet on meeting with them, despite weeks of interest, and reportedly not returning the phone calls from Browns’ general manager John Dorsey, before finally agreeing to come in for a visit.
Had Bryant not dragged his feet, he may have been able to land a solid deal prior to Gordon’s announcement.
Now, the Browns aren’t in a position of great need, which will likely allow them to be more cautious in their negotiations with Bryant, and also give them the confidence to walk away from a deal if it doesn’t meet their liking.
As for Gordon, he made the following announcement on Saturday, regarding his return to the team:
— Flash Gordon (@JOSH_GORDONXII) August 18, 2018
The Browns organization also released a statement on Gordon’s return:
“First off, we are pleased for Josh,” general manager John Dorsey said in a statement, per NFL.com’s Kevin Patra. “His overall health and well-being is what is most important. We commend Josh for his hard work, commitment and focus on becoming the best version of himself. We are glad Josh has reached a point where he can return to our organization, be in our building and be around his teammates.”
Bryant heading to the Browns may be a bit up in the air now, but Cleveland is looking like a team on the rise and it will be interesting to see how the betting lines in the United States, as well as popular UK betting sites, project the Browns seasons to go, especially if they end up adding Bryant to the mix.
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