Thursday, August 30, 2018

Pro Football Player and Blackish Writer Arrested for Insider Trading


Four years ago Rihanna chose professional football player Mychal Kendricks as her man crush Monday [click here if you missed that], and that's the only reason I know his name.

My ignorance aside, Mychal was just arrested for insider trading and got cut from the Cleveland Browns for lying about it...

According to reports Mychal Kendricks and former Blackish writer Damilare Sonoiki have been arrested for insider trading after Harvard-educated former Goldman Sachs analyst Sonoiki gave Mychal stock tips.

Mychal has admitted guilt and apologized while Damilare has refused to comment.

11 comments:

Tippie Toes said...

WOW! Did Martha not teach you guys anything?

L. Eller said...

This happens every day on Wall Street. Too bad they didn’t get a way with it.

But have y’all checked your investments? The stock market is doing mighty fine!

Niyabinghi/ObeahWomanWarrior said...

These two fine nubian men, do not need to be somebody's bitch in prison. Give my people free!!!

L. Eller said...

I hope y’all are putting between 10 and 15% of your gross pay in a 401(k), Roth, or another retirement account. If you want to be a millionaire in the next 20 years, bump it up to 20 to 25% of your gross pay. Put it in a mutual fun that has low administrative cost. I recommend a good portion be in the S&P 500 index funds, small to medium company, and international.

Y’all are welcome! ;) Any other finance questions, post below. We gotta help our people. Lord knows whites share game with each other.

They Call Me Cocoa said...

Meanwhile, we got a prez who launders money for the Russians. Ain't this some shit?

Toni Hello said...

Thank you L Eller. I don't know what a lot of that means but I do know how to increase by 401k t0 15%

L. Eller said...

You can look all of these up on your 401k administrator’s website. Oftentimes, your fee comes with an advisor so feel free to call them up. Websites like motley fool and nerd wallet will also have some good info. What you will do is designate a percentage of your contribution to go a place. Mine is 60% S&P 500 (your big companies like amazon, Walmart, GE), 25% small to mid cap (up and coming companies) and 15% international. This is a safe bet for mutual funds but feel free to switch it up.

Anonymous said...

It sounds like Damilare Sonoiki, who is a first gen African immigrant or child of, banked on the ignorance of his biracial friend, Mychal Kendricks....smh

KayGee said...

@They Call; Me Cocoa - say that again...being doing it for years.

Also, Martha did no more than 3 years, I recall reading somewhere earlier that Mychal is looking at 15 years???

I sure hope that changes.

Anonymous said...

R in NYC says:

Damn Mychal is foine ass hell. He better watch out in prison.

WiserWords2 said...

KayGee said...
@They Call; Me Cocoa - say that again...being doing it for years.

Also, Martha did no more than 3 years, I recall reading somewhere earlier that Mychal is looking at 15 years???

I sure hope that changes.

4:13 P
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Martha went to jail for PERJURY not insider trading.

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