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Former NFL Investor's Lawyers Seek to Withdraw From Crypto 'Shadow Banking' Case
Lawyers of embattled former NFL investor Reginald Fowler have filed a motion to withdraw as his representative counsel.
Updated Sep 14, 2021, 10:29 a.m. Published Nov 10, 2020, 9:55 a.m.
Lawyers of embattled former U.S. Football League player and National Football League investor Reginald Fowler have filed a motion to withdraw as his representative counsel in a case involving alleged illegal cryptocurrency operations.
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- In a court document filed Monday, no definitive reason was given for the motion due to attorney-client privilege.
- However, Fowler's lawyers, James McGovern and Michael Hefter of law firm Hogan Lovells, cited Local Civil Rule 1.4, which states an attorney for a party may be allowed a court order to withdraw for a "satisfactory reason."
- According to the motion, filed in the U.S. Southern District Court of New York, McGovern and Hefter have informed Fowler multiple times since Feb. 26 of this year that they wished to withdraw.
- They asked the court to delay deadlines in the case to allow Fowler's new representation to get up to speed.
- Fowler is one of two individuals accused of running a “shadow banking” service for cryptocurrency exchanges. The other individual, Ravid Yosef, remains at large.
- Allegedly acting under the guise of processing real estate transactions, the pair opened bank accounts with various financial institutions to illegally store funds on behalf of cryptocurrency exchanges.
- Crypto Capital, the "shadow bank" Fowler stands accused of operating, is allegedly tied up in an $850 million black hole of crypto funds that went missing from the Bitfinex exchange in 2019.
- In October, Fowler was said to be considering reopening plea bargain talks.
See also: Prosecutors Detail ‘Shadow Bank’ Accounts in Fowler Crypto Case
See the court document in full below:
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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