Reginald ‘Reggie’ Fowler, the money mule who pled guilty to bank fraud at Crypto Capital Corp has failed in a last-minute bid to have his sentencing delayed. Fowler’s sentencing was scheduled for today but a submission postponement request filed by his attorney, Edward Sapone, requested a one-week adjournment.
However, the request that cited Sapone’s travel obligations, time-consuming commitments with other lawsuits, and failure to review hundreds of pages of exhibits, was denied by Judge Andrew Carter.
Sixty-three-year-old Fowler has pled guilty to five crimes: conspiring to commit (and committing) bank fraud, conspiring to operate (and operating) an unlicensed money transmitting business, plus one count of wire fraud. His crimes carry a combined maximum sentence of 90 years in prison.
The obvious risk to the US court system, given the severity of his offenses, is that Fowler could flee. Had he attended today’s hearing, he could have spent the rest of his life behind bars.
Sapone had attempted to assure Judge Carter that Fowler wouldn’t flee, saying, “He is intent upon remaining with me in New York so that we can continue to review the government’s sentencing submission.”
When authorities arrested Fowler in 2019, he possessed thousands of dollars in counterfeit currency, materials to counterfeit more, and fake bond certificates.
While on bail awaiting sentencing, Fowler has been enjoying his time, gambling hundreds of thousands of dollars in Arizona casinos.
Crypto Capital Corp was once the preeminent fiat-to-crypto financial services provider with the likes of Kraken, BitMEX, Bitfinex, and QuadrigaCX among its customers. Two of Fowler’s co-conspirators who used the company, Oz and Ravid Yosef, remain at large.