Mychal Kendricks signed by Seattle Seahawks despite insider trading charges, per report
He’s expected to play Monday night when the Seahawks travel to Chicago. The Seahawks hosted Kendricks on Thursday.
Kendricks was released last month by the Cleveland Browns after he and a co-defendant, Damilare Sonoiki, were indicted on one count of conspiracy to commit securities fraud and one count of securities fraud.
U.S. Attorney William M. McSwain said in a news conference that Kendricks allegedly received non-public information about corporate mergers in 2014 from Sonoiki, who was an employee at Goldman Sachs at the time. Kendricks then used that information to invest in the companies that were about to be acquired, McSwain said, and made approximately $1.2 million in profit.
Kendricks is facing up to 25 years in prison when he’s sentenced in December.
Kendricks should aid a Seahawks pass rush that was lacking in their season opener against Denver. The move also adds depth with linebackers K.J. Wright (knee) and Bobby Wagner (groin) injured.
The 27-year-old signed with the Browns this summer after spending the last six seasons with the Philadelphia Eagles.
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