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Former Minnesota Vikings Co-Owner Sentenced to 75 Months in Prison and $74 Million Forfeiture for Crypto Fraud

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Reginald Fowler, a former co-owner of the Minnesota Vikings football team, has been sentenced to 75 months in prison and ordered to pay a forfeiture of $74.02 million and a restitution payment of $5.31 million for his involvement in crypto fraud.

Fowler facilitated nearly $750 million worth of transactions for cryptocurrency exchanges through his company, Global Trading Solution, which operated without the requisite license for a money-transmitting business mandated by U.S. federal laws. He also misled U.S. banking institutions and deceived the Association of American Football (AAF), contributing to the financial crisis that led to AAF declaring bankruptcy in April 2019. The investigation was led by the Federal Bureau of Investigation’s Money Laundering Squad and the Internal Revenue Service-Criminal Investigations.

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