FacebookTwitterLinkedInEmail2018 Nick Cammett/Diamond Images/Getty Images(CLEVELAND) — Cleveland Browns linebacker Mychal Kendricks has conceded that he “participated in insider trading” four years ago and deeply regrets it.“I was drawn in by the allure of being more than just a football player,” Kendricks said in a statement released by his attorney Michael Schwartz. “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.”Kendricks said he trusted a former friend, Damilare Sonoiki, who had a Harvard degree and was working for Goldman Sachs at the time. Sonoiki later worked as a writer on the second season of the ABC comedy “Black-ish.”Trump blasts NFL players for kneeling during anthem: ‘Stand proudly …. or be suspended without pay’Both men now face insider trading charges brought by federal prosecutors in Philadelphia.“Mr. Sonoiki and Mr. Kendricks are alleged to have cheated the markets, cheated other investors and placed themselves above the law,” said Bill McSwain, the U.S. Attorney for the Eastern District of Pennsylvania.In the second half of 2014, court records said Sonoiki sent coded text messages and FaceTime conversations from his desk at Goldman Sachs to tip Kendricks off to corporate mergers.Kendricks allegedly made $1.2 million in illegal profits by purchasing securities in companies that were soon to be acquired and then selling his positions after the deals were publicly announced. In one instance, he made a nearly 400 percent return on his investment in just two weeks, court records said.“Mychal Kendricks used material non-public information, provided by his co-defendant, to score significant profits from expected market moves,” said the FBI Special Agent Christian Zajac. “That’s not merely gaming the system—that’s a federal crime.”According to court records, Kendricks rewarded Sonoiki for his tips with cash kickbacks, free NFL tickets and an evening on the set of a pop star’s music video, in which Kendricks made a cameo appearance.“Kendricks paid cash and shared celebrity perks for illegal tips that enabled him to trade and profit on confidential information that the rest of the investing public didn’t have,” said Stephanie Avakian, co-director of the U.S. Securities and Exchange Commission’s Division of Enforcement.Neither Kendricks nor Sonoiki are currently in custody. Kendricks has acknowledged his actions and is cooperating with authorities.The NFL pro is a sixth year outside linebacker who was drafted out of the University of California, Berkeley. For the first five years of his career, Kendricks played for the Philadelphia Eagles and won the Super Bowl with the team last year before joining the Browns this summer as a free agent.Kendricks was released by the Browns Wednesday afternoon.“Prior to signing Mychal, we were informed that there was a financial situation that he had been involved with in 2014. 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,” the team’s general manager, John Dorsey, said in a statement.“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. Due to the ongoing legal nature of this situation, we will have no further comments,” the statement continued.The Eagles have not returned ABC News’ request for comment.Sonoiki’s attorney Mark Wilson, an assistant federal defender, told the Wall Street Journal he will plead guilty. “He was working as an analyst, he overheard information and he passed it on,” he said.ABC News could not reach Sonoiki for comment.Copyright © 2018, ABC Radio. All rights reserved. August 29, 2018 /Sports News – National Cleveland Browns linebacker Mychal Kendricks faces insider trading charges, released by team Written by Beau Lund
Authorities View post tag: NATO View post tag: Black Sea January 25, 2018 Back to overview,Home naval-today Romanian minesweeper ROS Lt. Lupu Dinescu joins SNMCMG2 in Black Sea The Romanian Navy has deployed one its four Musca-class minesweepers to join NATO’s Standing Mine Countermeasures Group 2 as it operates in the Black Sea.SNMCMG2, with the Royal Navy’s HMS Enterprise at the helm, transited Bosphorus on January 24 and is currently on a Black Sea patrol.In addition to the Romanian minesweeper F-25 Lt. Lupu Dinescu, HMS Enterprise is joined by Turkish Navy minehunter TCG Akçay which represents the Turkish contribution to SNMCMG2.The group is scheduled to stay in Black Sea waters until February 13, monitoring traffic and conducting mine clearance and historical ordnance disposal training.During their stay in the Black Sea, SNMCMG2 ships are set to visit Bulgaria’s Burgas port, Romanian port of Constanta and Turkey’s Sinop.SNMCMG2 is currently led by Royal Navy Commander Justin Hains. View post tag: Romanian Navy View post tag: ROS Lt. Lupu Dinescu Romanian minesweeper ROS Lt. Lupu Dinescu joins SNMCMG2 in Black Sea Share this article View post tag: SNMCMG2
By raising the flag Libertas with verses Hymns of freedom last night, the 69th Dubrovnik Summer Festival was officially opened in front of the Church of St. Blaise.The most prestigious cultural event in Croatia will traditionally be held until August 25, and in 47 days, at 20 ambient locations, approximately 2.000 artists from around the world will perform about 60.000 drama, music and dance performances in front of an international audience of 80 domestic and foreign visitors , folklore and other programs.The Zagreb Philharmonic, the WDR Children’s Choir from Dortmund, the Pro Musica Academic Choir from Mostar, the Dubrovnik Chamber Choir, the Libertas Mixed Choir and the FA Linđo Women’s Choir performed as part of the opening ceremony, directed by Saša Božić and conducted by maestro Tomislav Fačini. Traditionally, the Folklore Ensemble Linđo participated, as well as the Festival Drama Ensemble, whose representatives this year were Nataša Dangubić, Nikša Butijer, Ozren Grabarić, Nika Lasić, Izmira Brautović and Krunoslav Šarić, who spoke the verses. Hymns of freedom. Students of acting and dance of the Academy of Dramatic Arts in Zagreb also participated. Luciano Capurso – Luči with the hit of the Dubrovnik Troubadours caused special enthusiasm of the audience that sang with him. The music of the night.”The financial plan envisages a total budget of HRK 14 million, of which public funds are slightly less than HRK 9 million, and own revenue and ticket revenue amount to HRK 2 million, while sponsors and donors have supported us this year with almost HRK 3 million. The increase was primarily due to the donation of the Caboga Stiftung, but also to the increased sponsorship of Adriatic luxury hotels, with which we prepared two music festival programs in the Vala Beach Club of the Palace Hotel. I would also like to take this opportunity to thank our loyal sponsors Mastercard, Hrvatska elektroprivreda, Tele2, Kraš, Ford, Croatia osiguranje and Croatia Airlines, as well as all other partners, sponsors and donors without whom the realization of such a large festival would be impossible.”Said the director of the Games Ivana Medo Bogdanović looking back at the stable financial construction of the 69th Games.The evening ended with spectacular fireworks, which celebrated the beginning of the new festival season, which will present approximately 25 artists from around the world at 20 ambient locations in the city of Dubrovnik until August 2.000.69th Dubrovnik Summer Festival with a new visual identityThe visual identity of the 69th Dubrovnik Summer Festival is the work of designer Maro Pitarević in collaboration with the Šesnić & Turković studio, and shows the Gate of Ploče with two palm trees and the setting sun in neon colors, reminiscent of the entrance to a nightclub and as such provoked numerous reactions from the profession. but also the citizens of Dubrovnik.By the way, the programs of the 68th Dubrovnik Summer Festival were seen by approximately 60.000 visitors, acFor the program of this year’s 69th Dubrovnik Summer Festival, see websites.
It’s tough to win a playoff game in the NBA when your best player is on the floor less than 20 minutes. Couple that with some uncharacteristic sloppy play down the stretch, and the Clippers lost 109-105 to the Golden State Warriors in a first-round Western Conference playoff series opener Saturday before a sellout crowd of 19,339 at Staples Center.The Clippers’ Blake Griffin played all of 19 minutes and 14 seconds because of constant foul trouble. Somehow, he managed to score 16 points. That was well under his season average of 24.1. He also only had three rebounds, less than a third of his average.“We need ‘32’ out there, it’s no secret,” Chris Paul said. “We need BG. He could never really get in a rhythm because he couldn’t stay out on the court.”Griffin played just 15 minutes in the first three quarters. With five fouls, he came into the fourth quarter at the 5:07 mark. He fouled out with 48.3 seconds to play and the game tied 105-105. Paul was also in some foul trouble — but not the way Griffin was — as were Andre Iguodala (fouled out) and David Lee of Golden State.Paul scored 28 points with eight assists and seven rebounds. But he had six turnovers. One in particular, with 18.9 seconds left and the Clippers down 107-105, really hurt. Paul was trying to get around the corner about 25 or so feet from the Clippers’ basket.Golden State’s Draymond Green came over and appeared like he might have fouled Paul, who lost the ball out of bounds. Officials initially ruled Clippers ball, but that was changed upon review.“I’ve got to take care of the ball,” Paul said.Harrison Barnes made one of two free throws for a 108-105 Warriors lead. Paul was then fouled with 11.9 seconds to play. Paul, a career 85.7 percent free-throw shooter, missed both shots. Golden State’s Green missed two free throws and the Clippers still had a chance with 10.4 seconds to play, but Darren Collison stepped out of bounds chasing down the deflected rebound, and Klay Thompson was fouled and made one of two free throws to seal the Clippers’ fate.The Clippers were down 93-82 with 10:35 left. Paul led a comeback charge and tied it at 102-102 with a 3-pointer. With the game tied 105-105, Paul stole the ball and fed Collison, who lost it out of bounds.Green came back and made two free throws for a 107-105 Golden State lead.J.J. Redick played very well for the Clippers, scoring 22 points on 8-of-11 shooting, including 4 of 5 from 3-point range. DeAndre Jordan had 11 points, 14 rebounds and five blocks.Thompson led the Warriors with 22 points, but shot just 7 for 20. Stephen Curry had 14 points, but was just 6 of 16 from the field. David Lee had 20 points and 13 rebounds.“This was intense and playoff basketball,” Thompson said. “We wanted to win it. That’s what makes it fun out there when you close games out like that.”Winning on the road in the postseason is even better.“It’s rare, but it’s huge,” Thompson said. “We can go and battle Monday (in Game 2) and you never know what happens. But we know we’re going back to Oracle (Arena) with at least one win, so we’re excited.” Interestingly, Golden State had 48 points in the paint, even though its center — Andrew Bogut — did not play because of a fractured rib. The Warriors, even with Jordan and Glen “Big Baby” Davis roaming the inside, had way too many easy baskets inside. The absence of Griffin did not help. “It was tough,” Griffin said, “especially in the first half only playing, I don’t know what I played in the first half … But in the third quarter there, felt like I got into somewhat of a rhythm, but I kept putting myself in a hole, in a bad situation, fouling.“I can’t say whether it affected other guys or not. It affected our team, obviously. I have to do a better job.”His coach, Doc Rivers, agreed.“It’s tough to get your rhythm when you go in and out like that and you only play 19 minutes,” Rivers said. “I’m sure Blake would like to have a couple of those fouls back. You can’t waste fouls. I thought we fouled way too much.”Rivers agreed the game may have been called more closely because of the pre-game hype surrounding the animosity between the teams. Griffin said he had been in playoff games that were way more physical than Saturday’s. Newsroom GuidelinesNews TipsContact UsReport an Error