Millionaire American football player and former banker Goldman Sachs charged with insider trading
City & Finance Reporter
An American football player and a former Goldman Sachs banker have been charged with insider trading.
Mychal Kendricks, 27, who won the Super Bowl this year with the Philadelphia Eagles, is accused of using tips from ex-analyst Damilare Sonoiki (27) to win £ 920,000 in illegal profits.
Emergency landing: Mychal Kendricks has won the Super Bowl this year with the Philadelphia Eagles
Kendrick has been accused of paying £ 7,700 in bribes for information about acquisitions and deals on the market.
The two men exchanged insider information via encrypted text messages and video calls, according to an American indictment. In one case, Kendricks returned a nearly 400 percent return on investment in just two weeks.
The couple receives prison sentences of up to 25 years and fines of nearly £ 4 million.
Kendricks who lost a contract with the Cleveland Browns NFL team said he & # 39; s wholeheartedly & # 39; his deeds regretted and claimed that he had not taken any of the illegal profits for himself.