Former Eagles and Browns linebacker Mychal Kendricks had been charged by federal authorities with insider stock trading. He was cut by Cleveland shortly after being charged.
On Thursday Kendricks plead guilty to the charges and faces a maximum of 25 years in prison. He is expected to serve some jailtime, although it’s unlikely he will serve the maximum sentence.
Via The Inquirer:
Lawyers said Thursday that although federal sentencing guidelines are likely to call for a term of imprisonment, any sentence he receives is likely to be far less than the statutory maximum of 25 years — in part because of Kendricks’ decision to plead guilty before an indictment.
If he’s lucky, Kendricks will land a sweet cooking show after he serves his time. That’s the insider trading playbook isn’t it?
