San Francisco 49ers CEO Jed York accused of insider trading

The heir to the DeBartolo fortune and CEO of the San Francisco 49ers is under investigation for accusations of insider trading.

Jed York, whose uncle Eddie DeBartolo lost control of the NFL team because of a conviction for bribery of a former Louisiana governor, was the subject of multiple media reports last week that he is facing lawsuits about insider stock trading related to his serving on the board of a Santa Clara, Calif.-based company named Chegg that helps college students with their homework.

What is Jed York accused of?

According to the lawsuits that were reported by the San Francisco Chronicle and other media sources, Chegg CEO Dan Rosenweig and other company executives, including York, have been accused of hiding the company’s role in helping students cheat during online exams.

York is the son of Denise York of Canfield, who took over the reins from her brother Eddie when he got into trouble with the law.

By the way, Eddie was pardoned of his convictions by former President Donald Trump.

The San Francisco 49ers have been one of better-run NFL franchises

The 49ers have one of the better-run NFL franchises. In recent years, the team has finished high in the NFC standings. San Francisco lost to the Kansas City Chiefs in Super Bowl 54 in Miami on Feb. 2, 2020.

In 2023, the 49ers come to Pittsburgh to play the Steelers on Sept. 10 and travel to Cleveland on Oct. 15 to play the Browns.

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