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Reggie Fowler Pleads Guilty in Crypto Capital Corp. Case Tied to Bitfinex's Missing Millions
The former football player was initially indicted on charges of banking fraud in 2019 and additional charges in 2020.
Reginald Fowler, the alleged operator of Crypto Capital Corp., the shadow bank that lost hundreds of millions of crypto exchange Bitfinex's money, pleaded guilty to charges of bank fraud, wire fraud and conspiracy on Monday.
- Fowler, a former football player, was facing a maximum of 90 years in prison.
- He was initially arrested in April 2019 and planned to plead not guilty, but then changed it to one guilty plea of operating an unlicensed money transmitter.
- He then withdrew his offer after being faced with having to repay nearly $400 million. As a result, Federal authorities slapped him with additional charges.
- As of July 2021, the parties were not involved in plea negotiations, but a February 2022 trial date was set. That trial date was subsequently changed to May 16, 2022.
- Last week, Fowler's attorney said he would be willing to skip the trial and enter a plea.
Read more: The Downfall of 'Shadow Banker' Reggie Fowler and Crypto's Rising Legitimacy
A História Continua abaixo
Não perca outra história.Inscreva-se na Newsletter Crypto for Advisors hoje. Ver Todas as Newsletters
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
