April 26, 2022

Former NFL Investor Fowler Pleads Guilty In $600 Million Crypto Scheme 

Reginald Fowler, who held a stake in the Alliance of American Football, pleaded guilty to fraud in "shadow banking."

Reginald was found guilty of charges accusing him of a $600 million cryptocurrency scheme.

Fowler used to work for payment processor Crypto Capital. He opened bank accounts for multiple crypto firms.

These accounts were found to be under false pretences and total $750 million worth of transactions. 

In 2005, Fowler was known for attempting to take over the NFL's Minnesota Vikings.

According to U.S. Attorney Damian Williams, Reginald became an aid to the crypto scheme."The process of unregulated transactions on cryptocurrency exchanges, which requires a licence to ensure the financial system is not for criminal use."

Fowler's lawyer said that he would skip the trial on May 16, 2022, and enter a plea.