Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Super Bowl Champion and Former “Black-Ish” Writer Charged With Insider Trading; Facing “Substantial Prison Time”

by MsJennyb
August 29, 2018
Reading Time: 2 mins read
0
Share on FacebookShare on Twitter

On Wednesday, Cleveland Browns linebacker and 2017 Super Bowl Champion Mychal Kendricks was charged with insider trading, alongside former “Black-ish” writer, Damilare Sonoiki.

According ESPN, Kendricks was slapped with federal charges for scamming $1.2 million in illegal profits on four major investments with the help of Sonoiki and his previous experiences as an investment banker. 

In exchange for insider information between 2013 to 2015, Kendrick allegedly broke Sonoiki off with $10,000 in cash, Eagles tickets and even arranged for the television writer to meet Harlem’s own Teyana Taylor. 

As a result, both were hit with charges, and now face “substantial prison time” if convicted. In the meantime, Kendricks has released a statement, apologizing for his role in the illegal affairs. 

“I would like to apologize,” Kendricks said in the statement. “Four years ago, I participated in insider trading, and I deeply regret it. I invested money with a former friend of mine who I thought I could trust and who I greatly admired. His background as a Harvard graduate and an employee of Goldman Sachs gave me a false sense of confidence.”⠀⠀⠀⠀⠀⠀⠀⠀⠀

“To this point, I had worked my tail off since I was 5 years old to become a football player. I was drawn in by the allure of being more than just a football player. While I didn’t fully understand all of the details of the illegal trades, I knew it was wrong, and I wholeheartedly regret my actions.”

As he continued, he revealed that he has been cooperating with officials and “will continue to do so,” as he prepares to pay back the illegal profits. 

⠀⠀⠀⠀⠀⠀⠀⠀⠀

⠀⠀⠀⠀⠀⠀⠀⠀⠀

“I sincerely apologize to my coaches, the owners, and my teammates on the Eagles and the Browns, the NFL, and the magnificent fans to whom I owe my career,” Kendricks said. ”I also apologize to my family, who I have failed in this. You all deserve better, and I will work my hardest to re-earn your trust and respect, serve as an advocate to educate others, and show you that I will never be involved in anything like this again.”

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: Damilare SonoikiMychal Kendricks

Related Posts

Trump Orders National Guard to Exit Los Angeles After Immigration Protests and Legal Pressure
News

Trump Orders National Guard to Exit Los Angeles After Immigration Protests and Legal Pressure

July 15, 2025

The Trump administration is walking back a controversial move to flood Los Angeles with federal troops, ordering 2,000 National Guard...

Fyre Festival Brand Sold on eBay for $245,300 After Wild Bidding War
News

Fyre Festival Brand Sold on eBay for $245,300 After Wild Bidding War

July 15, 2025

Fyre Festival’s brand rights, from its IP and trademarks to its social media handles, were auctioned off on eBay this...

nicki minaj, tde punch, sza
Entertainment

Nicki Minaj Lights Up TDE President Punch On X: Dubs Him “Minus 30 Million,” and SZA Catches A Stray

July 15, 2025

Nicki Minaj is making it clear: she’s tired of being silent. Posted to her official X account, the rap icon...

Columbus Short Reveals Why He Named His Son After Denzel Washington
News

Columbus Short and Wife Aida Abramyan Granted Mutual Restraining Orders After Explosive Allegations

July 15, 2025

The ongoing turmoil between actor Columbus Short and his wife, Aida Abramyan-Short, has reached a breaking point, with both parties...

Next Post

Tia Mowry-Hardrict Says Her Son Has Experienced Bullies At School: “I Was Pretty Shocked”

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d