Cryptocurrencies
Ex-NFL Investor Fowler Faces New Fraud Charge in Crypto Case
- He allegedy used illegal funds to invest in an NFL rival
- Fowler backed the short-lived Alliance of American Football
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An Arizona businessman who once owned a stake in the National Football League’s Minnesota Vikings was accused of fraud relating to another sports league as he prepares to go on trial for allegedly running a shadow bank for cryptocurrency traders.
Reginald Fowler was charged Friday in federal court in Manhattan with defrauding individuals associated with a professional sports league by using illegally obtained funds to try to buy an ownership stake. Though prosecutors didn’t identify the league, the timing and details match up with Fowler’s reported investment in the Alliance of American Football, an upstart rival to the NFL that shut down in April 2019 after only eight weeks of play.