^ Back to Top ^ © 2023 ESPN Internet Ventures. Reggie's bank accounts were frozen, he could not secure the investment money, and he was not able to invest the large sum of money he promised to invest." "The didn't benefit from the investment that Reggie had planned to make. "Reggie is extremely remorseful," Sapone wrote. In a sentencing submission, defense lawyer Edward Sapone wrote that Fowler was heartbroken that he let himself engage in crimes after over six decades of extraordinary contributions to family and community. "He then victimized a professional football league by lying about his net worth in exchange for a substantial portion of the league." financial system to serious risk," Williams said. financial institutions, which exposed the U.S. Attorney Damian Williams said in a statement that Fowler broke the law by processing hundreds of millions of dollars of unregulated transactions on behalf of cryptocurrency exchanges that were used as a shadow bank. In 2005, he tried to buy the NFL's Vikings, becoming a minority owner before his involvement in the team ended in 2014. Prosecutors said Fowler lied to the league's executives when he claimed to control bank accounts with tens of millions of dollars from real estate investments and government contracts that he could use to support the league. The Alliance of American Football met a speedy end in 2019 when it ran out of money. Reginald Fowler, 64, of Chandler, Arizona, was sentenced in Manhattan federal court to six years and three months in prison and was ordered to forfeit $740 million and pay restitution of $53 million. NEW YORK - A former part owner of the Minnesota Vikings who defrauded a short-lived professional football league known as the Alliance of American Football in a $700 million cryptocurrency scam was sentenced Monday to over six years in prison. You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browserĮx-Vikings part owner gets over 6 years in AAF crypto scam
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