Cleveland Browns linebacker Mychal Kendricks. Photo: Nick Cammett/Diamond Images/Getty Images.

Cleveland Browns linebacker Mychal Kendricks was indicted Wednesday on charges of insider trading.

Details: Kendricks allegedly traded on information given about upcoming mergers involving four companies: Compuware, Move, Sapient, and Oplink — generating around $1.2 million in illicit gains.

According to the complaint, then-Goldman Sachs analyst Damilare Sonoiki gave Kendricks the tips, and Kendricks provided around $10,000 in cash and NFL game tickets in return. Both men face up to 25 years imprisonment if convicted.

  • In a statement released by his lawyer, the former Philadelphia Eagles player apologized and said he "deeply" regrets his actions.
  • Both men are expected to plead guilty in the coming weeks, according to the Philadelphia Inquirer.
  • The Browns said in a statement that they are "aware of the situation" and that Kendricks would not travel with the team to the next preseason game. [Update: The Browns released Kendricks late Wednesday]
  • After quitting Wall Street, Sonoiki became a writer for the TV show Black-ish.

Go deeper

Biden is highest-spending political candidate on TV ads

Joe Biden. Photo: Sean Rayford/Getty Images

After spending an additional $45.2 million on political ads this week, former Vice President Joe Biden has become the highest-spending political candidate on TV ads ever, according to data from Advertising Analytics.

By the numbers: In total, the Biden campaign has spent $582.7 million on TV ads between 2019 and 2020, officially surpassing Michael Bloomberg's record spend of roughly $582 million. Biden's spend includes his primary and general election advertising.

SurveyMonkey poll: Trump improves, but not enough

Trump and Biden during the final debate. Photo: Xinhua/Liu Jie via Getty Images

President Trump's final debate performance exceeded Americans' expectations, but it wasn't enough to shift the dynamics that left him trailing Joe Biden across most measures, according to a new Axios-SurveyMonkey poll.

What they're saying: "Liar" was the word used most by debate watchers to describe Trump's performance, followed by "lies," "strong," "presidential" and "childish." "Presidential" was the word used most to describe Biden's performance, followed by "liar," "weak," "expected" and "honest."