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Reginald Fowler May Reopen Plea Talks in Crypto Capital Case
The "shadow banker" previously balked at prosecutors' $371 million forfeiture demand.
By Danny Nelson
Updated Sep 14, 2021, 10:10 a.m. Published Oct 16, 2020, 3:50 p.m.
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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.
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- 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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