Cryptocurrencies
Former NFL Investor Fowler Will Plead Guilty to Fraud in Crypto Case
- Fowler was accused of concealing true purpose of bank accounts
- He will enter his plea without having struck a sentencing deal
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A former investor in the National Football League’s Minnesota Vikings will plead guilty to fraud over an unlicensed banking operation for cryptocurrency traders, his lawyer told a federal judge.
Reginald Fowler will enter an “open plea,” meaning he will plead without having reached a sentencing agreement with prosecutors, attorney Edward Sapone told the court in a filing late Thursday in federal court in Manhattan. He will plead guilty to wire fraud and conspiracy to commit bank fraud and operate an unlicensed money-transmitting business.