In brief:
- US prosecutors submitted a list of forfeitures in a case against Reginald Fowler.
- The filing is part of a superseding indictment filed against former NFL co-owner.
- He apparently held accounts at some of the world's top banks.
In a new court filing today, US prosecutors submitted a list of bank accounts subject to forfeitures in an ongoing case against Reginald Fowler, the Arizona businessman and ex-Minnesota Viking minority owner charged with operating a shadow banking operation.
Fowler is linked to the missing $850 million that crypto exchange Bitfinex has been accused of hiding. The exchange claims the money was deposited with Panamanian payment processor Crypto Capital Corp and then seized—through no fault of Bitfinex—by law enforcement in the US, Poland, and Portugal. According to feds, Fowler has access to $350 million stashed in some 60 bank accounts all over the world.
The latest court document is part of a superseding indictment filed against Fowler in a Manhattan court in February, which added a fifth charge of wire fraud and claimed that he obtained money through “false and fraudulent pretenses” to fund a professional sports league.
Fowler invested $25 million in the failed Alliance of American Football right before its inaugural season and shortly before his arrest on April 30, 2019.
The Bill of Particulars lists 56 bank accounts at some of the world's top financial institutions, including:
- Bank of America
- Bank of the Philippine Islands
- Canadian Imperial Bank of Commerce
- Caixa Bank
- Citibank
- Deutsche Bank
- Enterprise Bank
- HSBC
- JP Morgan Chase
- Santander UK
- Suntrust Bank
- Wells Fargo
Several bank accounts are held in Fowler’s own name while others are held under the following company names:
- CIA Technology Global Ltd.
- Eligibility Criterion
- Eurocontrol
- Global Management Group Ltd.
- Global Management Solutions Ltd.
- Global Trading Solutions LLC
- Global Trade Solutions GMBH
- Global Trade AG
- GTS Canada Corporation
- MOGW
- NLE Consulting dba Global Trade Solutions LLC
- Spiral Development Corporation
- Spiral Global Development
- Spiral Sports II
The SEC Says More People Can Invest. Here’s What Crypto Lawyers Say
The US Securities and Exchange Commission today announced that it is relaxing restrictions around who is allowed to invest in securities. That means that a whole new class of investors might finally be able to invest in private securities offerings. Lawyers told Decrypt that the impact is likely small for crypto investors, at least until Congress works things out. Under the old definition, the SEC only let those with a net worth north of $1 million or an income of over $200,000 invest in US pri...
The court filing also names two other defendants: "Oz Yousf"—presumably a misspelling of Oz Yosef, a principal at Crypto Capital—and his sister Ravid Yosef, Fowler's alleged "co-conspirator." Oz was indicted on three criminal counts last year following the arrest of the president of Crypto Capital. Both Oz and his sister are still at large.
As for Fowler, he is currently living in Chandler, Arizona, free on $5 million bail. His trial is set for January 2021.
