Former Minnesota Vikings part owner Reggie Fowler was sentenced to six years and three months in federal prison after defrauding the now-defunct Alliance of American Football League in a cryptocurrency scam.
As part of his sentencing, Fowler will have to surrender $740 million and pay $53 million in restitution.
Fowler defrauded the AAF by lying over how much money he had access to, claiming he had access to multiple accounts with millions of dollars in them.
Fowler illegally processed hundreds of millions of dollars of unregulated transactions on behalf of cryptocurrency exchanges that were used as a shadow bank, according to U.S. Attorney Damian Williams.
Fowler was unsuccessful in his bid to buy the Vikings in 2005, later joining the team as a minority owner. He remained in that role until 2014.