Reginald Fowler May Reopen Plea Talks in Crypto Capital Case

The "shadow banker" previously balked at prosecutors' $371 million forfeiture demand.

By Danny Nelson

Oct 16, 2020 at 3:50 p.m. UTC

Updated Sep 14, 2021 at 10:10 a.m. UTC

New York southern district court — U.S. Southern District Court, New York

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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.

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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