Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’
U.S. Attorney Damian Williams said Fowler’s lies exposed the U.S. financial system to “serious risk.” Go to Source Powered by WPeMatico
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US Attorney seeks 7-year sentence for exec in crypto shadow banking case
U.S. prosecutors are wanting Reginald Fowler to face at least seven years in jail if convicted on April 20. Go to Source Powered by WPeMatico
2022 trial date set for Tether’s accused ‘shadow banker’ Reggie Fowler
Former NFL team owner and alleged “shadow bank” operator Reggie Fowler is not engaged in any plea negotiations and the trial against him is set to begin early next year. Go to Source Powered by WPeMatico
JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need to Be Dealt With Quickly’
JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt … Read more
Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Refiled in New District
Ifinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually raised suspicion, now faces at least three ongoing legal battles. … Read more
