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|Cleveland Browns linebacker Mychal Kendricks was released by the NFL team Wednesday night http://www.jaguarscheapshop.com/cheap-authentic-blake-bortles-jersey , hours after he was charged by federal prosecutors in Philadelphia with insider trading.
Kendricks, who signed a one-year contract with the Browns in June after winning a Super Bowl title last season with the Eagles, allegedly used tips from an acquaintance to make about $1.2 million in illegal profits on four major trading deals, federal prosecutors said.
The 27-year-old issued a statement earlier in the day admitting to his guilt and apologizing. He expressed regret and accepted “full responsibility” for his actions.
However, the Browns decided after learning more about the case that they couldn’t go forward with Kendricks, who was going to start for the team. The Browns issued a statement after traveling to Detroit for Thursday night’s exhibition finale against the Lions. Kendricks did not make the trip.
“Prior to signing Mychal, we were informed that there was a financial situation that he had been involved with in 2014,” Browns general manager John Dorsey said. “We were told Mychal had fully cooperated with investigators as a victim. From what was communicated at that time and based on the numerous questions we asked and further due diligence on our part, including checking with the league office, there was no information discovered that conveyed otherwise.
“Recently, we were provided an update on the matter and the circumstances have changed. We are now dealing with a different set of facts and the additional information we’ve gathered has led us to the decision to release Mychal from our team.”
Kendricks is facing possible prison time and further discipline from the NFL for violating its personal conduct policy.
NFL spokesman Brian McCarthy said the league is reviewing the situation.
Prosecutors allege his co-defendant Youth Luke Kuechly Jersey , Damilare Sonoiki, was paid $10,000 in kickbacks in the scheme from 2014-2015, as well as perks like tickets to Eagles games and tagging along to a music video shoot or nightclub appearances, said U.S. Attorney William McSwain.
Sonoiki had been working as a junior analyst at an unnamed investment bank in New York, prosecutors said. An IMDB profile lists him as a former writer on the popular TV series “Black-ish” as well as other movies and TV shows.
In a statement released by his lawyer, Kendricks said he was sorry and takes full responsibility for his actions.
“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,” he said in the statement. He also claimed he didn’t take any of the profits for himself but didn’t elaborate on where the money went. I am committed to repaying all of the funds gained illegally and accept the consequences of my actions.”
Kendricks said he has been cooperating with authorities since the investigation began.
McSwain along with representatives from the FBI and the Securities Exchange Commission— which filed a separate complaint — said Kendricks and Sonoiki used coded language in messages to try to hide their actions. McSwain said Sonoiki, who had limited trading powers at the time Youth Alejandro Villanueva Jersey , would gave non-public information to Kendricks about acquisitions and other deals that would affect the price of securities for at least four different companies.
Stephanie Avakian, co-director of the U.S. Securities and Exchange Commission’s Division of Enforcement, said in one message when Sonoiki was asking for payment, he told Kendricks that he liked Philadelphia bread used in cheesesteaks more than the bread in New York and asked that Kendricks bring him some.
They also had a conversation pretending to be talking about changing the number on Kendricks’ jersey to 80, meant to signify the amount of money that should be deposited into a new trading account, she said.
If the men are convicted, they could face up to 25 years in prison and a fine of up to $5.25 million as well as the seizure of any profits made from the insider trading.
The Browns signed Kendricks as a free agent, bringing him in to upgrade their linebacker corps following an 0-16 season. Kendricks spent six years with the Eagles, who drafted him in the second round in 2012 after he played at California.
The 5-foot-11, 240-pounder recorded a team-high eight tackles in last season’s NFC Championship against Minnesota and had four in Philadelphia’s Super Bowl win.
With Kyrie Irving ruled out for the rest of the season, the Celtics now have a clearer picture of what their roster will look like entering the postseason. In its 111-104 win over the Chicago on Friday night Womens Eli Manning Jersey , Boston showed that at the very least it has a remaining group of players eager to step up and contribute to its injury-torn rotation.
Greg Monroe came off the bench and had 19 points, 11 rebounds and 10 assists to notch his second career triple-double. Jaylen Brown finished with a career-high 32 points as the Celtics stopped a two-game slide.
It was Boston’s first game since Kyrie Irving was ruled out for the remainder of the regular season and playoffs because of an upcoming surgery on his left knee.
”Guys were resting, guys are hurt,” Monroe said. ”I guess (the offense) was running through me by default, I guess. But it was just about moving the ball.”
Coach Brad Stevens said his message to the team afterward was that ”everything matters” from this point forward.
With Al Horford and Jayson Tatum given the night off to rest, Boston went deep into its bench against a Chicago team that’s one of the worst in the NBA.
Chicago led by as many as 11 in the first half before Boston trimmed it to 58-55 at the half. The Celtics outscored the Bulls 56-46 over the final two quarters.
Sean Kilpatrick led Chicago with 24 points. Lauri Markkanen added 20 points and five rebounds.
”I thought we went out there and played really hard and put ourselves in a position to be there right at the end,” Bulls coach Fred Hoiberg said.
Stevens said the effort of younger players such as Jabari Bird (career-high 15 points) and new addition Jonathan Gibson (nine points) is most encouraging. Gibson, 30, was officially signed out of the Chinese Basketball Association via an injury hardship waiver earlier in the day. He took a red-eye flight to make it in time for tip-off.
”I was triple-teamed all year, coming out here and being open and being the floor spacer and being able to create for other guys was definitely a great opportunity for me,” he said.
Marcus Morris and Bobby Portis were both ejected late in the third quarter after receiving back-to-back double-technical fouls.
Bulls: Had a three-game winning streak snapped. … Went 14 of 30 from the 3-point line.
Celtics: Monroe is the first Celtics center to record a triple-double since Robert Parish did it on March 29 Womens Mike Evans Jersey , 1987. … Bird made his first career 3-pointer in the first quarter. In his first nine career NBA games he had just five points on 1-of-4 shooting. In the first 8 minutes on Friday he scored 11 points, connecting on 5 of his first 8 field goals.
Stevens said the plan over Boston’s final three regular-season games is give other players rest as well before the start of the playoffs.
”I’d like to get one, possibly two games with our group as is to play before we head in,” Stevens said. ”We’ll manage that as we move forward. Knock on wood.”
Stevens said Irving was ”bummed” after his decision to have his latest procedure, which is scheduled for Saturday. It will be his second surgery on the knee in a month, and will remove screws at the site of an infection.
Terry Rozier said Irving was in good spirits when he spoke with teammates.
”It wasn’t affecting him at all. And if it was we wouldn’t know because he’s that type of type of guy he is,” Rozier said. ”He’s still joking. … He’s still making everybody laugh when you come in the room. So you can’t really tell.”
Irving’s long-term prognosis is good, Stevens said.
”The structure of the knee is good. Everything around the knee is good,” Stevens said. ”Everybody’s told us from the get-go that it was going to be a full recovery. We just didn’t anticipate having to take the screws out. But that shouldn’t affect him at all as far as a full recovery goes.”
Bulls: Host Nets on Saturday.
Celtics: Host Hawks on Sunday.
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