According to Foresight News, former Minnesota Vikings shareholder Reginald Fowler was sentenced to 75 months in prison for providing shadow banking services to cryptocurrency exchanges and fraudulently acquiring the American Football League (AAF). He was fined and confiscated $740 million and paid approximately $53.19 million.
Reginald Fowler founded Global Trading Solutions (GTS) in February 2018 and worked with related companies such as Crypto Capital to process crypto transactions. In addition, Reginald Fowler fraudulently violated the alliance during its acquisition of AAF in 2018. During negotiations to invest in AAF, Reginald Fowler falsely reported personal ownership of GTS funds, which actually belonged to customers of Reginald Fowler's illegal cryptocurrency trading services that were illegally established to support these companies. Based in part on Reginald Fowler's lies, AAF filed for bankruptcy in April 2019.