Cleveland Browns linebacker Mychal Kendricks was charged on Wednesday with insider trading. According to U.S. Attorney William M. McSwain of the Eastern District of Pennsylvania, Kendricks and bank analyst Damilare Sonoiki conspired to design and advance a scheme whereby Sonoiki—who was also once a writer for the TV show Black-ish—delivered valuable non-public information to Kendricks. This information concerned upcoming investment bank mergers and insights as to how those mergers would impact the prices of publicly traded securities. This purported scheme occurred between July 2014 and March 2015, during which time the now-27-year-old Kendricks played for the Eagles.
Explaining the Insider Trading Case Against Mychal Kendricks
