Reggie Fowler, a former owner of NFL team Minnesota Vikings, has been meted a six-year prison sentence by a New York judge because of his involvement in a crypto fraud scheme. This scheme encompassed more than $700 million in unregulated transactions carried out over a period of 10 months in 2018.
The 63-year-old Vikings co-owner was convicted on charges of bank fraud and money laundering. The United States Attorney’s Office in New York released a statement on June 5, revealing that Fowler was sentenced to a total of 75 months.
US Attorney Damian Williams explained that Fowler’s sentence was a result of his engagement in processing hundreds of millions of dollars in unregulated transactions for cryptocurrency exchanges, acting as an illicit banking entity that evaded federal regulations.
Former co-owner of Minnesota Vikings sentenced to 75 months in prison for providing shadow banking services to cryptocurrency exchangeshttps://t.co/Nc2PVhEajw
— US Attorney SDNY (@SDNYnews) J
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