Category: shadow banking

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Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’

June 6, 2023

United States Attorney Damian Williams says the lies of the former Minnesota Vikings co-owner exposed the U.S. financial system to “serious risk.” Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions…
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US Attorney seeks 7-year sentence for exec in crypto shadow banking case

April 19, 2023

U.S. prosecutors are wanting Reginald Fowler to face at least seven years in jail if convicted on April 20. A long sentence is being sought by United States prosecutors for an executive in a crypto shadow banking case that has dragged on for five years. On April 18, U.S. District Attorney Damian Williams filed a…
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