A former minority owner of the Minnesota Vikings has been jailed after defrauding a professional league in a $700 million cryptocurrency scam.
Reggie Fowler was sentenced to six years and three months in prison for his role in the major scam of the Alliance of American Football, a short-lived professional league. The league was in operation for less than a year, starting in March 2018 before ending in April 2019 due to bankruptcy.
Prosecutors stated that the 64-year-old lied to the league’s executives when he claimed to have control of bank accounts with millions of dollars from real estate investments. This led to a stock purchase agreement that saw Fowler become the largest shareholder in the league’s parent company.
