UNITED STATES NEWS

Ex-part owner of Minnesota Vikings gets over six years in cryptocurrency scam

Jun 5, 2023, 12:40 PM | Updated: 1:26 pm

NEW YORK (AP) — A former part owner of the Minnesota Vikings who defrauded a short-lived professional football league known as the Alliance of American Football in a $700 million cryptocurrency scam was sentenced Monday to over six years in prison.

Reginald Fowler, 64, of Chandler, Arizona, was sentenced in Manhattan federal court to six years and three months in prison and was ordered to forfeit $740 million and pay restitution of $53 million.

The Alliance of American Football met a speedy end in 2019 when it ran out of money.

Prosecutors said Fowler lied to the league’s executives when he claimed to control bank accounts with tens of millions of dollars from real estate investments and government contracts that he could use to support the league.

In 2005, he tried to buy the NFL’s Minnesota Vikings, becoming a minority owner before his involvement in the team ended in 2014.

U.S. Attorney Damian Williams said in a statement that Fowler broke the law by processing hundreds of millions of dollars of unregulated transactions on behalf of cryptocurrency exchanges that were used as a shadow bank.

“He did so by lying to legitimate U.S. financial institutions, which exposed the U.S. financial system to serious risk,” Williams said. “He then victimized a professional football league by lying about his net worth in exchange for a substantial portion of the league.”

In a sentencing submission, defense lawyer Edward Sapone wrote that Fowler was heartbroken that he let himself engage in crimes after over six decades of extraordinary contributions to family and community.

“Reggie is extremely remorseful,” Sapone wrote. “The American Football League didn’t benefit from the investment that Reggie had planned to make. Reggie’s bank accounts were frozen, he could not secure the investment money, and he was not able to invest the large sum of money he promised to invest.”

United States News

Associated Press

Medline recalls 1.5 million adult bed rails following 2 reports of entrapment deaths

NEW YORK (AP) — Medical supply company Medline Industries is recalling some 1.5 million portable adult bed rails across the U.S. and Canada, following two reports of entrapment deaths associated with the products. The recall impacts two models of Medline’s “Bed Assist Bars.” According to a Thursday announcement from the U.S. Consumer Product Safety Commission, […]

11 minutes ago

Associated Press

South Dakota man arrested and charged in Jan. 6 riot at the U.S. Capitol

RAPID CITY, S.D. (AP) — A South Dakota man pushed a police officer during the Jan. 6, 2021, riot at the U.S. Capitol and was among those who shoved a large metal “Trump” sign into a police line, the U.S. Department of Justice said. William George Knight, 37, of Rapid City, was arrested by the […]

25 minutes ago

Associated Press

Amazon gets FAA approval that allows it to expand drone deliveries for online orders

Federal regulators have given Amazon key permission that will allow it to expand its drone delivery program, the company announced Thursday. In a blog post posted on its website, Seattle-based Amazon said that the Federal Aviation Administration has given its Prime Air delivery service the OK to operate drones “beyond visual line of sight,” removing […]

1 hour ago

Associated Press

Police dismantle pro-Palestinian camp at Wayne State University in Detroit

DETROIT (AP) — Police broke up a pro-Palestinian encampment Thursday at Wayne State University in Detroit and arrested at least eight people after organizers turned down offers to meet with school officials and refused to leave. President Kimberly Andrews Espy cited health and safety concerns and disruptions to campus operations. Staff were encouraged to work […]

4 hours ago

Associated Press

One Tech Tip: Want to turn off Meta AI? You can’t — but there are some workarounds

SAN FRANCISCO (AP) — If you use Facebook, WhatsApp or Instagram, you’ve probably noticed a new character pop up answering search queries or eagerly offering tidbits of information in your feeds, with varying degrees of accuracy. It’s Meta AI, and it’s here to help, at least according to Meta Platforms’ CEO Mark Zuckerberg, who calls […]

5 hours ago

Associated Press

The Latest | Jury in Donald Trump’s criminal trial are set to enter a second day of deliberations

NEW YORK (AP) — Jury deliberations in Donald Trump ‘s criminal hush money trial entered their second day on Thursday after the panel began the weighty task a day before. Deliberations concluded Wednesday with the panel asking Judge Juan M. Merchan to rehear portions of crucial testimony from two key witnesses: former National Enquirer publisher […]

6 hours ago

Sponsored Articles

...

Sanderson Ford

3 new rides for 3 new road trips in Arizona

It's time for the Sanderson Ford Memorial Day sale with the Mighty Fine 69 Anniversary, as Sanderson Ford turned 69 years old in May.

...

Collins Comfort Masters

Here’s how to be worry-free when your A/C goes out in the middle of summer

PHOENIX -- As Arizona approaches another hot summer, Phoenix residents are likely to spend more time indoors.

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

Ex-part owner of Minnesota Vikings gets over six years in cryptocurrency scam