Remember the name Reggie Fowler?

[purplefaithful]

Former Vikings limited partner Fowler pleads guilty in crypto scheme

NEW YORK — A businessman who was one of the early investors in a failed professional football league called the Alliance of American Football pleaded guilty Monday to charges accusing him in a $600 million cryptocurrency scheme.
Reginald Fowler was charged with bank fraud, wire fraud and other offenses that prosecutors say contributed to the AAF's quick demise in 2019.
The guilty plea in Manhattan federal court comes at a time when other fledgling leagues are making longshot bids to loosen the National Football League's grip on pro football. In 2019, the AAF shut down after eight weeks when it ran out of money.
Fowler, 63, of Chandler, Arizona, was once known for trying to buy the NFL's Minnesota Vikings in 2005. He ended up as a minority owner before his involvement in the team ended in 2014.
In a statement, U.S. Attorney Damian Williams said that as part of the crypto scheme, Fowler "helped process hundreds of millions of dollars of unregulated transactions on behalf of numerous cryptocurrency exchanges, skirting the anti-money laundering safeguards required of licensed institutions that ensure the U.S. financial system is not used for criminal purposes."
Prosecutors also alleged that Fowler lied to AAF executives by claiming he controlled bank accounts with tens of millions of dollars from real estate investments and government contracts that he could use to invest in the league.
"Having accepted full responsibility in an open plea today, Reggie will have the opportunity to be heard at sentencing as to his understanding of the circumstances of the offenses and pivotal issues such as the proper amount of monetary loss attributable to Reggie," defense attorney Edward Sapone said in a statement.
https://www.startribune.com/reggie-fowle...600167907/

[Guest]

lol, some people man. The thing is a lot of people get away with fraud and never get caught.

[Guest]

Wasn't Bill Polian involved with this league? Wonder how much money he lost in it.

[Guest]

@StickyBun said:
lol, some people man. The thing is a lot of people get away with fraud and never get caught.

Yep, can't wait for the sentencing because white-collar crime usually pays off.  Unchecked capitalism and greed at it's finest.  

Remember this scandal from last year?  I still can't find any information on whether the DiBiase family or even Favre paid back all the money or if it is in the court system.  Favre did pay back 600K after the public shaming but still owed over 220K.

All this from our poorest States Welfare system all the while making sure they were the Welfare Kings by taking money from what they dubbed as going to Welfare Queens.  


WWF Fighter-Turned-Evangelist Embezzles Millions With Sons — And Brett Favre

Fraud apparently runs in the family of Christian speaker Ted DiBiase, a former World Wrestling Federation fighter whose character, The Million Dollar Man, was all about wealth and greed. His golden championship belt was adorned with dollar signs.
In real life, DiBiase claimed he was now “fulfilled by his relationship with Jesus Christ and his family.” But he and his two sons fraudulently collected more than $6 million to deliver speeches and presentations — work they never completed.
Back in May 2020, a Mississippi state audit found that some $94 million in federal block grants intended to help the state’s poorest residents instead went to dozens of well-connected friends and family members, including DiBiase and his two sons as well as former NFL quarterback Brett Favre, in what The Clarion-Ledger in Jackson called “Mississippi’s largest embezzlement scandal on record.”
“Money meant to help poor Mississippians was instead used to buy expensive cars, sponsor a college baseball tournament, hire family members of a top state official and pay Brett Favre for speeches he never gave,” wrote Clarion-Ledger reporter Luke Ramseth.
Now, the DiBiases have been ordered to return the welfare money by this week or face civil charges. Favre also was ordered to return $828,000. The DiBiases were also asked to return funds for work they failed to perform:

• $722,299 from Ted DiBiase’s Heart of David Ministry, which received more than $2 million from the state
  
• $225,950 from Brett DiBiase, who was paid to deliver drug abuse classes at the time he was in an expensive drug rehab program in Malibu and has also been indicted on charges of stealing $48,000 in welfare funds
  
• $3.903 million from Ted DiBiase Jr., who followed his father into wrestling but since 2017 has worked as a motivational speaker, textbook salesman and insurance broker
  

MinistryWatch reported in May 2020 that the Mississippi Department of Human Services had halted direct cash assistance to so-called “welfare queens,” and instead spent funds on programs designed to help people in one of the poorest states in the U.S. achieve self-sufficiency.
In October, The Washington Post reported reported that $77 million had been misspent, with $41 million going to questionable expenditures, such as luxury travel and a new volleyball stadium at the University of Southern Mississippi, where Favre’s daughter played volleyball.
Heart of David Ministry was founded in Madison, Mississippi, in 1999, and has participated in events sponsored by Promise Keepers. Prior to receiving state money, it had annual revenues of $100,000 to $200,000. State funding caused income to rise to $386,086 in 2017 and $942,249 in 2018.
MinistryWatch reached out to the ministry, but did not receive a response.
A bio for Ted DiBiase Sr. says he is a spokesperson for and board member of The Sunshine Foundation, which grants wishes to terminally ill and handicapped children. It’s not clear if he still represents the foundation.
The title of the inspirational autobiography DiBiase wrote for Multnomah in 1997 now seems eerily revealing: “Every Man Has His Price.”

[Guest]

Fucking yikes. Not surprised unfortunately.