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26 October 2020

Crypto Capital's NFL defendant open to guilty plea, but not for $371M

Crypto Capital's NFL defendant open to guilty plea, but not for $371M


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The legal team for Reginald Fowler said the former minority owner of the Minnesota Vikings is open to a guilty plea regarding his involvement in Crypto Capital’s alleged shadow banking practices, provided forfeiture is not part of the deal.

According to Law360, Fowler’s lawyers stated that a January plea deal with the U.S.

Authorities originally charged Fowler with bank fraud, illegal money transfers, and conspiracy connected to Crypto Capital’s alleged shadow banking practices in 2019, and later added a charge for wire fraud in February.

Through the Panama-based firm Crypto Capital, he allegedly provided shadow banking services to numerous cryptocurrency exchanges, including Bitfinex, Binance, and QuadrigaCX.

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