Reginald Fowler has told the court that he intends to plead guilty to charges of fraud, money laundering and running an unlicensed money transmitting business.
Reginald Fowler stands accused of providing shadow banking services through his firm Crypto Capital among multiple other charges. The firm has links to both iFinex, the parent company of Bitfinex and Tether, and Colombian drug cartels.
Reginald Fowler will now be represented in court by Edward Sapone after his former legal team withdrew from his case for non-payment of fees.
Reginald Fowler has been embroiled in a legal battle for months over his involvement in the Crypto Capital/Bitfinex case.
Reginald Fowler has been accused of misleading his lawyers regarding his financial status, having paid just $25,000 since the case started in 2018.
Former player and football league investor Reginald Fowler saw his legal team submit a motion to withdrawing their representation in the case.
Reginald Fowler is looking to renew his plea talks with U.S. prosecutors, eight months after rejecting the first plea deal.
Reginald Fowler has been charged with additional crimes tied to his investment in the Alliance of American Football.
The “shadow bank” operator wants to see how the case plays out as he attempts to limit his financial responsibility.
Reginald Fowler cops a guilty plea to running a shadow bank in order to avoid a longer prison sentence.