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Reginald Fowler May Reopen Plea Talks in Crypto Capital Case

Reginald Fowler May Reopen Plea Talks in Crypto Capital Case

Reginald Fowler May Reopen Plea Talks in Crypto Capital Case

The "shadow banker" previously balked at prosecutors' $371 million forfeiture demand.

The "shadow banker" previously balked at prosecutors' $371 million forfeiture demand.

The "shadow banker" previously balked at prosecutors' $371 million forfeiture demand.

AccessTimeIconOct 16, 2020, 3:50 PM
Updated Aug 19, 2021, 5:03 AM

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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.

  • 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. 

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