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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.
By Nelson Wang
Updated May 11, 2023, 5:39 p.m. Published Apr 25, 2022, 7:43 p.m.
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
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