Ex-Minnesota Vikings Part Owner Gets 75-Month Prison Sentence For Crypto Fraud

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The former part owner of the NFL team was ordered to forfeit more than $700 million to the defunct Alliance of American Football.

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2005 in Eden Prairie, Minn., where Minnesota Vikings owner Red McCombs announced the sale of the team to Fowler.

Fowler’s firm, Global Trading Solutions, worked as a payment processor for Crypto Capital—a failed “shadow bank”—and other crypto companies.Fowler violated federal anti-money laundering laws, defrauded the Alliance of American Football and lied to U.S. banks in the process.Fowler, a sports investor, was one of multiple figures that tried acquiring the Minnesota Vikings in 2005. His bid failed—but he later became a minority owner in 2014. He was an owner of Kyrene OEM and Spiral Inc.

were missed by Fowler and some payments that were sent did not follow guidelines of his agreement with the league.The Alliance of American Football was founded in 2018 and started its first season a year later. That same year, the league ceased operations and filed for bankruptcy—with liabilities of more than $48 millionNearly $800 million. That is the amount of money Fowler owes the league in forfeitures and restitutions.

 

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