According to The Blast, Seattle Seahawks star Mychal Kendricks has been ordered to pay nearly $1.2 million to settle an insider trading lawsuit.
Court documents show that Kendricks reached a deal with the Securities and Exchange Commission and will be ordered to pay $1,188,075, which is the amount he made from his insider trading.
Despite striking a civil settlement, Kendricks still faces criminal charges associated with the case which carries a maximum 25-year prison sentence and will be ordered to pay a penalty of $5.2 million.
He is scheduled to be sentenced later this month.
Kendrick dropped a cryptic post today, saying ‘He’s out’
Flip the page to See his post:
