Prosecutors Detail 'Shadow Bank' Accounts in Fowler Crypto Case

U.S. prosecutors have unveiled 56 bank accounts under scrutiny in Reginald Fowler's legal travails.

AccessTimeIconAug 27, 2020 at 8:51 p.m. UTC
Updated Aug 19, 2021 at 3:59 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Reginald Fowler, the ex-Minnesota Vikings owner accused by U.S. prosecutors of running a cryptocurrency "shadow bank," stashed funds over a global network of bank accounts, according to a filing today. Prosecutors say the funds are subject to forfeiture.

  • A Thursday filing New York Federal District Court lists 56 bank accounts at Citibank, Bank of America, Caixa Bank, HSBC, Bank of the Philippine Islands, Deutsche Bank and others, together holding an unknown amount of Fowler's and associated companies' funds.
  • Prosecutors have previously alleged those bank accounts to be the linchpin in a real estate investments scheme Fowler orchestrated as a front for under-the-table crypto exchange dealings.
  • Fowler's legal travails are of acute interest in the crypto community given his company's apparent ties to $850 million in crypto gone missing from the Bitfinex exchange.
  • Crypto Capital, the "shadow bank" Fowler is accused of running, held those funds in now-seized bank accounts, according to lawyers from Bitfinex.
  • The filing was first reported by Decrypt.
  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.