Accused 'ghost banker' Reggie Fowler seeks 6-month sentence postponement
The request cites Fowler's attorney's personal health issues and the need to obtain more material from Europe.
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Reggie Fowler, former NFL team owner and alleged 'shadow banker' who could face up to 30 years in prison, asked the court for the Southern District of New York for a six-day adjournment month.
Technically, it was Fowler's lawyer, Ed Sapone, who requested an "unusually long adjournment", justifying it on the basis of his "serious medical condition" as well as the need to obtain relevant information on the business with financial institutions, entities and individuals located in Europe.
According to freelance journalist Amy Castor, who reported on the development, Sapone made her request on Saturday — three days before the scheduled sentencing. Since prosecutors did not protest the adjournment, he will grant Fowler at least six months of freedom. He now resides in Arizona on bail.
The 63-year-old is accused of operating the crypto industry's shadow bank, Crypto Capital, which was at the center of controversy in the court case against iFinex Inc - the parent company of the crypto exchange. Bitfinex crypto and stablecoin issuer Attache. U.S. prosecutors allege Fowler provided unlicensed money transfer services to multiple crypto firms, as well as bank fraud and money laundering on behalf of Colombian drug cartels.
Related: Mt. Gox creditors fail to set repayment date, but markets unaffected
A case against Bitfinex and Tether, in which iFinex was accused of mixing funds between the two companies to cover an $850 million loss suffered by Bitfinex in its dealings with Crypto Capital, has been filed.
The request cites Fowler's attorney's personal health issues and the need to obtain more material from Europe.
New
Reggie Fowler, former NFL team owner and alleged 'shadow banker' who could face up to 30 years in prison, asked the court for the Southern District of New York for a six-day adjournment month.
Technically, it was Fowler's lawyer, Ed Sapone, who requested an "unusually long adjournment", justifying it on the basis of his "serious medical condition" as well as the need to obtain relevant information on the business with financial institutions, entities and individuals located in Europe.
According to freelance journalist Amy Castor, who reported on the development, Sapone made her request on Saturday — three days before the scheduled sentencing. Since prosecutors did not protest the adjournment, he will grant Fowler at least six months of freedom. He now resides in Arizona on bail.
The 63-year-old is accused of operating the crypto industry's shadow bank, Crypto Capital, which was at the center of controversy in the court case against iFinex Inc - the parent company of the crypto exchange. Bitfinex crypto and stablecoin issuer Attache. U.S. prosecutors allege Fowler provided unlicensed money transfer services to multiple crypto firms, as well as bank fraud and money laundering on behalf of Colombian drug cartels.
Related: Mt. Gox creditors fail to set repayment date, but markets unaffected
A case against Bitfinex and Tether, in which iFinex was accused of mixing funds between the two companies to cover an $850 million loss suffered by Bitfinex in its dealings with Crypto Capital, has been filed.
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