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Crypto Capital's NFL Defendant Open To Guilty Plea, but Not For Forfeiture
Summary: The legal team for Reginald Fowler said the former minority owner of the Minnesota Vikings is open to a guilty plea regarding his involvement in Crypto Capital’s alleged shadow banking practices, but not for $371 million. The $371 million demanded as part of the plea deal is reportedly based on the proceeds generated by Fowler’s alleged ...
The legal team for Reginald Fowler said the former minority owner of the Minnesota Vikings is open to a guilty plea regarding his involvement in Crypto Capital’s alleged shadow banking practices, but not for $371 million.
The $371 million demanded as part of the plea deal is reportedly based on the proceeds generated by Fowler’s alleged crimes. However, his legal team has argued that Fowler’s actions did not generate losses for any victims, and his holdings are not subject to forfeiture.
The company is a key player in the ongoing court case over Bitfinex’s failure to disclose the loss of $850 million in customer funds. The exchange claims the funds were deposited with Crypto Capital before being seized by government authorities in various countries.
By Amy Liu
Tags: Crypto Capital,Forfeiture,Guilty,Plea
Link: Crypto Capital's NFL Defendant Open To Guilty Plea, but Not For Forfeiture [Copy]
