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

Published 06/05/2023, 10:10 PM
Updated 06/06/2023, 12:20 AM

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 over a 10-month timespan in 2018.

The 63-year-old, who was a co-owner of the Minnesota Vikings, was sentenced to a total of 75 months on bank fraud and money laundering charges, according to a statement from the United States Attorney’s Office in New York on June 5.

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