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of using the reserves of an affiliated company to cover up a loss of $ 850 million. Bitfinex had been unable to obtain a normal banking relationship, according to the lawsuit, so it deposited over $ 1 billion with a
Panamanian payment processor known as Crypto Capital Corp. No contract was ever
394:, ultimately leading to the league's demise. League executives were neither forthright nor truthful about the state of the league's finances throughout its existence and in particular were desperate to conceal Fowler's involvement, which was only made public after the league collapsed.
653:
There, on March 5, the former owner of an
American football team, Reginald Fowler, stood before a judge and pleaded not guilty to an immense financial scam. Fowler is alleged to be Quadriga's "banker" and linked the HSBC accounts. If found guilty, he faces 30 years in
377:
in the group so that he would not lose his $ 20 million deposit. He did not disclose any information about his financial situation to the media. By
October 2014, he was no longer a limited partner of the Minnesota Vikings.
446:
In April 2022, Fowler pleaded guilty to bank fraud, bank fraud conspiracy, operation of an unlicensed money transmitting business, conspiracy to operate an unlicensed money transmitting business, and wire fraud.
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signed with Crypto
Capital. James alleged that in 2018 Bitfinex knew or suspected that Crypto Capital had absconded with the money, but that their investors were never informed of the loss.
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traders. He is believed to have failed to return about $ 850 million to an unnamed client. Investigators also seized $ 14,000 in counterfeit currency from his office.
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249:, where he opened a restaurant called Al's Pit Bar-B-Que. Reggie worked as a dishwasher there. The original location was to become the setting for the 1974
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Fowler, who is alleged to have connections with Crypto
Capital, was indicted on April 30, 2019, for running an unlicensed money-transmitting business for
527:
266:, where he played football, as did his brother, Jeff. Fowler was inducted into the Sahuaro High School Alumni (Cougar Foundation) Hall of Fame in 1998.
630:
341:'s chemical division, where he worked in sales. He left that position to start Spiral in 1989, reportedly with an initial investment of only $ 1,000.
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472:
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owner of an NFL franchise, but withdrew his bid when he could not provide details about his stake in the ownership group. Instead, he became a
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but played sparingly as a reserve linebacker. He saw action in the last six games of the 1983 season – last playing on Sunday, July 3 in
555:
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federal court to six years and three months in prison and was ordered to forfeit $ 740 million and pay restitution of $ 53 million.
759:
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390:(AAF). His decision to withdraw his funding after the first week of the season forced the league to hastily sell his stake to
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403:
731:"Arizona Man And Israeli Woman Charged in Connection With Providing Shadow Banking Services To Cryptocurrency Exchanges"
514:
255:
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Fowler is the son of Al and Eloise Fowler, and one of their five children. When his father retired from the
667:"Former Co-Owner Of Vikings Pleads Guilty To Providing Shadow Banking Services To Cryptocurrency Exchanges"
710:
443:'s Quadriga filed court documents alleging Fowler played a role in the disappearance of their investment.
262:
After Fowler's family relocated to the east side of town, he attended Magee Junior High School and later
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positions. He graduated in
December 1981, with a bachelor's degree in Social Work. Though he was not
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631:"Revealed: London bank accounts that could hold key to dead crypto tycoon's lost millions"
8:
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229:. He was the owner of Spiral, Inc. and Kyrene OEM, LLC (formerly OEM Logistics, Inc.) in
96:
65:
473:"Ex-Minnesota Vikings co-owner sent to prison in $ 700M cyrptocurrency shadow bank scam"
635:
303:
136:
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Margi Murphy; Hasan
Chowdhury; Harry de Quetteville; Saurabh Yadav (March 15, 2020).
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https://www.startribune.com/reggie-fowler-no-longer-has-a-stake-in-vikings/280736412
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681:"Former Vikings part owner, AAF investor Reggie Fowler receives six-year sentence"
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528:"AAF goes under: Inside the sudden collapse of the Alliance of American Football"
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in
September 1983; however, he was not part of the transaction and was released.
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556:"The Curious Rise and Spectacular Crash of the Alliance of American Football"
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321:. The Wranglers transferred the majority of their rostered players to the
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United States
District Attorney's Office – Southern District of New York
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585:"Crypto Market Roiled by New Allegations Against Tether, Bitfinex"
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player, businessman, and convicted fraudster. He played with the
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Larson, Erik; Leising, Matthew; Kharif, Olga (April 26, 2019).
313:(USFL) was formed in 1983, Fowler was selected to play for the
286:, the position he played in high school, but later switched to
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608:"Ex-NFL Owner Said to Be Tied to $ 850 Million Crypto Mystery"
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Robinson, Matt; Kharif, Olga; Leising, Matthew (May 3, 2019).
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but was cut from the team before the beginning of the season.
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Fowler graduated from
Sahuaro in 1977 and enrolled at
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African-American sports executives and administrators
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450:On Monday, June 5, 2023, Fowler was sentenced in
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402:In April 2019 Fowler's funds were frozen by the
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424:filed a suit accusing cryptocurrency exchange
213:(born February 4, 1959) is an American former
770:American sports executives and administrators
163:* Offseason and/or practice squad member only
349:He was one of a group of investors, led by
711:"Reggie Fowler Agrees to Buy MN Vikings"
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365:in 2005. He initially sought to be the
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519:
406:, after his indictment on charges of
369:himself, thereby becoming the first
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643:from the original on March 17, 2020
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386:Fowler was a major investor in the
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497:SHS Cougar Foundation Hall of Fame
328:
14:
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75:6 ft 2 in (1.88 m)
333:Fowler took business courses at
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471:Collins, Terry (June 5, 2023).
256:Alice Doesn't Live Here Anymore
760:American sports businesspeople
659:
547:
526:Kartje, Ryan (April 5, 2019).
508:
490:
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1:
780:People from Chandler, Arizona
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388:Alliance of American Football
382:Alliance of American Football
311:United States Football League
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227:Alliance of American Football
785:University of Wyoming alumni
439:In March 2020, investors in
282:. There he started out as a
221:, and later invested in the
7:
16:American football executive
10:
821:
790:Sahuaro High School alumni
554:Orr, Conor (May 1, 2019).
502:November 1, 2015, at the
419:New York Attorney General
245:, he moved his family to
225:. He was involved in the
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83:220 lb (100 kg)
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775:Minnesota Vikings owners
412:cryptocurrency exchanges
355:National Football League
335:Arizona State University
21:American football player
337:, then took a job with
533:Orange County Register
211:Reginald Dennis Fowler
172:Career USFL statistics
404:Department of Justice
361:from previous owner
353:, who purchased the
280:football scholarship
45:Personal information
264:Sahuaro High School
97:Sahuaro High School
66:Birmingham, Alabama
26:
636:The Telegraph (UK)
560:Sports Illustrated
304:Cincinnati Bengals
137:Cincinnati Bengals
88:Career information
24:
805:ExxonMobil people
669:. April 25, 2022.
359:Minnesota Vikings
345:Minnesota Vikings
319:Pontiac, Michigan
315:Arizona Wranglers
223:Minnesota Vikings
219:Arizona Wranglers
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147:Arizona Wranglers
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737:. April 30, 2019
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408:money laundering
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60:February 4, 1959
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417:In April 2019,
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375:limited partner
367:general partner
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329:Business career
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251:Martin Scorsese
247:Tucson, Arizona
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102:Tucson, Arizona
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704:External links
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687:. June 6, 2023
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398:Crypto Capital
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298:, he attended
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270:Playing career
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243:U.S. Air Force
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231:Tempe, Arizona
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717:. May 1, 2005
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691:September 23,
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323:Chicago Blitz
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62:(age 65)
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25:Reggie Fowler
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739:. Retrieved
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719:. Retrieved
689:. Retrieved
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612:. Retrieved
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480:. Retrieved
477:USAToday.com
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351:Zygmunt Wilf
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284:running back
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93:High school:
18:
795:1959 births
610:. Bloomberg
587:. Bloomberg
363:Red McCombs
754:Categories
458:References
292:linebacker
237:Early life
119:Undrafted:
56:1959-02-04
39:Linebacker
647:March 16,
452:Manhattan
339:Mobil Oil
309:When the
35:Position:
641:Archived
539:April 5,
500:Archived
426:Bitfinex
371:minority
302:for the
215:football
109:College:
296:drafted
276:Wyoming
113:Wyoming
80:Weight:
72:Height:
741:May 3,
721:May 3,
614:May 5,
591:May 5,
565:May 2,
253:film,
161:
30:No. 90
654:jail.
278:on a
196:0 / 1
193:/ FR:
50:Born:
743:2019
723:2019
693:2023
649:2020
616:2019
593:2019
567:2019
541:2019
484:2023
410:for
290:and
151:1983
141:1982
123:1982
357:'s
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733:.
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683:.
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639:.
633:.
575:^
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143:)*
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191:F
189:F
184:5
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149:(
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54:(
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