• Latest
AriseBank CEO Pleads Guilty to $4.2 Million Securities Fraud Involving ICO

Fowler May Change ‘Not Guilty’ Plea in Crypto Capital Laundering Case

December 19, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Fowler May Change ‘Not Guilty’ Plea in Crypto Capital Laundering Case

coinnewsdaily by coinnewsdaily
December 19, 2019
in Tech
0
AriseBank CEO Pleads Guilty to $4.2 Million Securities Fraud Involving ICO
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Reginald Fowler, one of the individuals accused of running a “shadow banking” service for cryptocurrency startups, is expected to plead guilty to at least some charges during a court hearing next month.

According to a letter written by Assistant U.S. Attorneys Jessica Fender and Sheb Swett on behalf of U.S. Attorney Geoffrey Berman, “it is anticipated that defendant Reginald Fowler will enter a change of plea at the next court conference.”

U.S. District Judge Andrew Carter, who is overseeing the case in the Southern District of New York, endorsed the letter on Thursday, canceling a hearing set for Jan. 8, 2020 and setting one for Jan. 10, 2020.

Fowler, one of the alleged co-founders of payment processor Crypto Capital, was indicted and arrested earlier this year on charges of conspiracy to commit bank fraud, bank fraud, conspiracy to operate an unlicensed money transmitting business and operation of an unlicensed money transmission business, alongside Israeli national Ravid Yosef. According to an indictment, the pair opened bank accounts at various financial institutions to store funds on behalf of cryptocurrency exchanges, but told the banks they would process real estate transactions.

While Yosef was also charged, she has not yet been arrested.

Fowler pled “not guilty” to all four charges during a hearing in June 2019.

Crypto Capital is otherwise known as the payment processor used by Bitfinex, QuadrigaCX, CEX.io and other exchanges in the past, after these firms had difficulty securing banking services.

Bitfinex famously stored close to $1 billion with Crypto Capital, which it lost access to after the company’s bank accounts were frozen by law enforcement authorities in multiple countries.

All told, Bitfinex lost $850 million, as revealed by the New York Attorney General’s office in an ongoing inquiry begun in April.

Bitfinex filed for a subpoena to depose individuals associated with Crypto Capital in an effort to regain its funds.

According to the subpoena, Bitfinex was unaware that Fowler had opened the bank accounts holding its funds in his name, rather than Crypto Capital’s.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Tags: Crypto Tech
Share76Tweet47
Previous Post

Blockchain.com’s New GBP Gateway Creates a Crypto-Hedge Against Brexit Uncertainty

Next Post

GSR Partners With Canaan-Backed Startup to Offer Crypto Miners Derivatives

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
It’s Now Harder to Mine Bitcoin Than Ever Before

GSR Partners With Canaan-Backed Startup to Offer Crypto Miners Derivatives

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,414.001.50%
  • ethereumEthereum(ETH)$1,618.810.90%
  • tetherTether(USDT)$1.000.19%
  • binancecoinBNB(BNB)$309.901.36%
  • rippleXRP(XRP)$0.4143180.06%
  • cardanoCardano(ADA)$0.3856221.22%
  • dogecoinDogecoin(DOGE)$0.0875611.05%
  • matic-networkPolygon(MATIC)$1.177.45%
  • solanaSolana(SOL)$24.921.87%
  • okbOKB(OKB)$36.501.58%
  • polkadotPolkadot(DOT)$6.571.32%
  • shiba-inuShiba Inu(SHIB)$0.0000122.03%
  • litecoinLitecoin(LTC)$88.891.21%
  • tronTRON(TRX)$0.0641713.68%
  • daiDai(DAI)$1.000.11%
  • cosmosCosmos Hub(ATOM)$13.413.21%
  • chainlinkChainlink(LINK)$7.433.49%
  • leo-tokenLEO Token(LEO)$3.836.05%
  • moneroMonero(XMR)$180.434.79%
  • ethereum-classicEthereum Classic(ETC)$22.220.63%
  • bitcoin-cashBitcoin Cash(BCH)$136.011.77%
  • stellarStellar(XLM)$0.0933391.08%
  • crypto-com-chainCronos(CRO)$0.0821371.00%
  • filecoinFilecoin(FIL)$5.420.91%
  • algorandAlgorand(ALGO)$0.2586085.81%
  • vechainVeChain(VET)$0.0250294.98%
  • internet-computerInternet Computer(ICP)$6.114.61%
  • aaveAave(AAVE)$87.67-1.10%
  • eosEOS(EOS)$1.123.30%
  • theta-tokenTheta Network(THETA)$1.137.51%
  • elrond-erd-2MultiversX(EGLD)$45.193.57%
  • tezosTezos(XTZ)$1.133.13%
  • paxos-standardPax Dollar(USDP)$1.000.16%
  • bitcoin-cash-svBitcoin SV(BSV)$44.492.27%
  • huobi-tokenHuobi(HT)$5.070.99%
  • havvenSynthetix Network(SNX)$2.567.14%
  • iotaIOTA(MIOTA)$0.2448926.15%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.042.01%
  • zcashZcash(ZEC)$46.760.29%
  • makerMaker(MKR)$672.782.82%
  • neoNEO(NEO)$8.291.45%
  • dashDash(DASH)$52.093.44%
  • zilliqaZilliqa(ZIL)$0.0293335.66%
  • compound-governance-tokenCompound(COMP)$59.0510.63%
  • basic-attention-tokenBasic Attention(BAT)$0.2666002.09%
  • nemNEM(XEM)$0.0402825.18%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$36.766.90%
  • bitcoin-goldBitcoin Gold(BTG)$17.73-1.47%
  • qtumQtum(QTUM)$2.733.44%
  • wavesWaves(WAVES)$2.8419.72%
  • sushiSushi(SUSHI)$1.363.33%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,742.813.18%
  • golemGolem(GLM)$0.2498314.45%
  • omisegoOMG Network(OMG)$1.513.50%
  • ontologyOntology(ONT)$0.2204411.86%
  • digibyteDigiByte(DGB)$0.0112000.63%
  • umaUMA(UMA)$2.081.14%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%