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Mychal Kendrick’s is in trouble


PrincetonTiger

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1 hour ago, pgt_rob said:

Yeah... So I'm assuming he's going to do a little bit of prison time over this?

 

Martha Stewart got 5 months in Federal prison, and 2 years supervised release. If it is proven Kendrick's made buying/selling decisions based upon knowledge not available to all other investors, I expect something similar at the minimum.

 

I heard (not confirmed) he turned 80k into 1.2 million...

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22 minutes ago, ColtsBlueFL said:

 

Martha Stewart got 5 months in Federal prison, and 2 years supervised release. If it is proven Kendrick's made buying/selling decisions based upon knowledge not available to all other investors, I expect something similar at the minimum.

 

I heard (not confirmed) he turned 80k into 1.2 million...

That is why I said what I did

 

   From the reports from yesterday he made 1.2 Million but hadn’t heard from what t

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42 minutes ago, ColtsBlueFL said:

 

Martha Stewart got 5 months in Federal prison, and 2 years supervised release. If it is proven Kendrick's made buying/selling decisions based upon knowledge not available to all other investors, I expect something similar at the minimum.

 

I heard (not confirmed) he turned 80k into 1.2 million...

 

That's what I was thinking too. I remember Martha Stewart only had to serve 5 months in prison so I kinda thought it may be a similar case. 

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29 minutes ago, pgt_rob said:

 

That's what I was thinking too. I remember Martha Stewart only had to serve 5 months in prison so I kinda thought it may be a similar case. 

 

27 minutes ago, PrincetonTiger said:

The one difference is that Martha maintained her innocence until her conviction 

 

I believe Stewart was sent to prison for lying to the FBI, not for insider trading.

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2 hours ago, PrincetonTiger said:

The one difference is that Martha maintained her innocence until her conviction 

 

That is a plus for Kendricks, (cooperation) yet there has been an escalation of punishment for white collar crime since then as well, especially in the southern district of NY cases. ( not sure where this one plays out at). But his case seems small potatoes in the grand scheme of things. So...  maybe he gets some leniency.

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3 minutes ago, ColtsBlueFL said:

 

That is a plus for Kendricks, (cooperation) yet there has been an escalation of punishment for white collar crime since then as well, especially in the southern district of NY cases. ( not sure where this one plays out at). But his case seems small potatoes in the grand scheme of things. So...  maybe he gets some leniency.

Agreed

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