MINNEAPOLIS (WCCO) — The brother of Minnesota Vikings linebacker Eric Kendricks, Mychal Kendricks, has been accused of insider trading.
According to a report from CBS News, Cleveland Browns linebacker Mychal Kendricks and a former investment banker are facing insider trading charges.
The former Philadelphia Eagles member and Super Bowl champion is accused of using trading tips to make around $1.2 million in illegal profits on four major trading deals. The co-defendant, Damilare Sonoiki, allegedly paid $10,000 in kickbacks – as well as perks including tickets to Eagles games.
Kendricks’ attorney released a statement where he admits wrongdoing:
“Four years ago, I participated in insider trading, and I deeply regret it.