Pro football investor pleads guilty in cryptocurrency scheme

A business owner who was one of the early financiers in a failed professional football league called the Alliance of American Football has pleaded guilty to charges implicating him in $600 million cryptocurrency schemeByThe Associated PressApril 25, 2022, 11:34 PM – 2 minutes readShare to FacebookShare to TwitterEmail this articleReginald Fowler was charged with bank scams, wire scams and other offenses that prosecutors say contributed to the AAFs quick demise in 2019. In a declaration, U.S. Attorney Damian Williams stated that as part of the crypto plan, Fowler “helped process hundreds of millions of dollars of uncontrolled deals on behalf of various cryptocurrency exchanges, skirting the anti-money laundering safeguards required of licensed institutions that ensure the U.S. monetary system is not utilized for criminal purposes.”Prosecutors also alleged that Fowler lied to AAF executives by declaring he managed bank accounts with 10s of millions of dollars from real estate financial investments and federal government contracts that he could utilize to invest in the league.