Reginald Fowler May Reopen Plea Talks in Crypto Capital Case
The "shadow banker" previously balked at prosecutors' $371 million forfeiture demand.
Oct 16, 2020 at 3:50 p.m. UTCUpdated Aug 19, 2021 at 5:03 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/N2F6JH7M2VCQDKZRYVK7ITEGN4.jpg)
Alleged "shadow banker" Reginald Fowler may be headed back to the plea bargain table in a second attempt to resolve criminal finance charges stemming from Bitfinex-linked firm Crypto Capital.
STORY CONTINUES BELOW
- The ex-National Football League investor had balked at prosecutors' February demand for $371 million in forfeiture, blowing up early talks to settle unlicensed money transmission charges.
- But Law360 reported Thursday that Fowler's counsel is "open to again exploring" a plea deal over the original charge and a new one: wire fraud.
- Prosecutors allege Fowler ran illegal banking services through Crypto Capital. The payments processor once serviced crypto exchanges Bitfinex, QuadrigaCX and CEX.io.
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)