Federal prosecutors say Cleveland Browns linebacker Mychal Kendricks used insider trading tips from an acquaintance.

Kendricks is accused of making about $1.2 million in illegal profits on four major trading deals.

The linebacker released a statement accepting responsibility for his actions.

PHILADELPHIA — Federal prosecutors in Philadelphia say Cleveland Browns linebacker Mychal Kendricks used insider trading tips from an acquaintance to make about $1.2 million in illegal profits on four major trading deals.

United States Attorney William McSwain says the codefendant Damilare Sonoiki was paid $10,000 in kickbacks as well as perks like tickets to Philadelphia Eagles games. Kendricks played for the Eagles before signing with the Browns in June.

Prosecutors say Sonoiki was a trader at an unnamed firm. An IMBD profile lists him as a writer on the popular TV series "Black-ish" as well as other movies and TV shows.

Kendricks said in a statement released by his lawyer Wednesday that he was sorry and "deeply" regretted his actions.

He said he "participated in insider trading" four years ago but "didn't fully understand all of the details of the illegal trades."

A message seeking comment from the federal defender representing Sonoiki wasn't immediately returned.

The NFL spokesman Brian McCarthy said the league was reviewing the situation.