Super Bowl champion Mychal Kendricks could face 25 years in prison for insider trading

Mychal Kendricks formally of the Philadelphia Eagles looks on during Super Bowl LII practice at the University of Minnesota in Minneapolis, Minnesota. Cleveland Browns linebacker Mychal Kendricks has been charged with insider trading after pocketing $1.2 million in a scam with a former investment banker. (AFP)
Updated 07 September 2018
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Super Bowl champion Mychal Kendricks could face 25 years in prison for insider trading

PHILADELPHIA: Former Cleveland Browns linebacker Mychal Kendricks pleaded guilty to insider trading charges on Thursday, and faces up to 25 years in prison.
US 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.
Kendricks, who signed a one-year contract with the Browns in June after winning a Super Bowl title last season with the Eagles, used tips from an acquaintance to make about $1.2 million in illegal profits on four major trading deals, federal prosecutors said.
The Browns released him from the team on Aug. 29, after the charges were filed.
Prosecutors allege that his co-defendant, Damilare Sonoiki, was paid $10,000 in kickbacks in the scheme from 2014-2015, as well as received perks like tickets to Eagles games and the chance to tag along to a music video shoot or nightclub appearances.
Sonoiki had been working as a junior analyst at Goldman Sachs but left the financial field and has most recently been writing for TV shows.
Sonoiki’s lawyer told the Inquirer in an email that his client also would plead guilty, but no date has been set.


Embiid returns to help 76ers beat Nets for 3-1 lead

Updated 21 April 2019
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Embiid returns to help 76ers beat Nets for 3-1 lead

  • The 76ers seized a 3-1 lead in the first-round series against the Nets

NEW YORK: Philadelphia’s Joel Embiid returned from injury to score a game-high 31 points and grab 16 rebounds, powering the 76ers to a 112-108 NBA playoff victory at Brooklyn on Saturday.
Despite a third-quarter incident that saw two players ejected, the 76ers seized a 3-1 lead in the first-round series against the Nets and could advance in the Eastern Conference best-of-seven matchup with a home victory Tuesday.
In the other Eastern Conference game, Khris Middleton finished with 20 points and nine rebounds as the top-seeded Milwaukee Bucks put the Detroit Pistons on the brink of elimination with a 119-103 win. The victory give the Bucks a 3-0 lead and they can wrap up the series with a win on the road in the Motor City on Monday.
Philadelphia, down by 10 points early in the third quarter, battled back most of the second half before taking the lead on a run of eight points by Embiid, who missed game three with a sore left knee.
A slam dunk and layup by Embiid gave the 76ers their first late lead at 102-101 but, after an exchange of layups and three-pointers as well as turnovers, fell behind 108-107 on a basket by Brooklyn’s Joe Harris with 25 seconds remaining.
On the next 76er possession, Embiid flipped the last of his seven assists to Mike Scott, whose corner three-pointer put Philadelphia ahead to stay 110-108 with 19 seconds remaining.
Australian Ben Simmons — who added 15 points, eight rebounds and eight assists for the 76ers — stole the ball from Brooklyn’s Jarett Allen and Tobias Harris sank two free throws for the last of his 24 points to clinch the triumph.
Caris LeVert led the Nets with 25 points while Brooklyn had 21 points each from Allen and D’Angelo Russell.
Cameroon star center Embiid was issued a flagrant foul in touching off an altercation 4:18 into the third quarter that saw Philadelphia’s Jimmy Butler Brooklyn’s Jared Dudley ejected. Embiid, who had elbowed Allen in the face in game two, was whistled for a hard foul on Allen that prompted Dudley to rush at Embiid, taking down the Sixers big man. Butler swung his left arm at Dudley, who wound up in the front row seats with Simmons at one stage, to earn his ejection.
In Detroit, Brook Lopez tallied 19 points and had seven rebounds and five blocked shots and Eric Bledsoe scored 19 points for the Bucks.
Giannis Antetokounmpo delivered 14 points and 10 rebounds for his third straight double-double in the series and Nikola Mirotic chipped in 12 points.
Detroit’s hobbled star Blake Griffin had 27 points in 31 minutes after he missed the first two games of the series with a sore knee.
Griffin was cleared with his leg heavily wrapped but it didn’t change the outcome.
The Pistons have now lost 13 straight playoff games dating back to 2008. In the Western Conference, the Denver Nuggets — led by game highs of 29 points, 12 rebounds and eight assists from Serbian playmaker Nikola Jokic — pulled level with San Antonio at 2-2 in their opening series with a 117-103 road triumph over the Spurs.