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The SCARS Institute Magazine about Scam Victims-Survivors, Scams, Fraud & Cybercrime
Reginald Fowler – Ex-NFL Football Team Own Convicted Of $700 Million Scam
By SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc., portions AP
Reginald Fowler – Ex-Part Owner Of Minnesota Vikings Gets Over Six Years In Cryptocurrency Scam
Scams Come In All Forms! So Do Scammers Such As Reginald Fowler!
Reginald Fowler, a former part-owner of the Minnesota Vikings who defrauded a short-lived professional football league known as the Alliance of American Football in a $700 million cryptocurrency scam was sentenced Monday to over six years in prison.
Reginald Fowler, 64, of Chandler, Arizona, was sentenced in Manhattan federal court to six years and three months in prison and was ordered to forfeit $740 million and pay restitution of $53 million.
The Alliance of American Football met a speedy end in 2019 when it ran out of money that’s to Reginald Fowler.
Prosecutors said Reginald Fowler lied to the league’s executives when he claimed to control bank accounts with tens of millions of dollars from real estate investments and government contracts that he could use to support the league.
In 2005, Reginald Fowler tried to buy the NFL’s Minnesota Vikings, becoming a minority owner before his involvement in the team ended in 2014.
U.S. Attorney Damian Williams said in a statement that Reginald Fowler broke the law by processing hundreds of millions of dollars of unregulated transactions on behalf of cryptocurrency exchanges that were used as a shadow bank.
“He did so by lying to legitimate U.S. financial institutions, which exposed the U.S. financial system to serious risk,” Williams said. “Reginald Fowler then victimized a professional football league by lying about his net worth in exchange for a substantial portion of the league.”
In a sentencing submission, defense lawyer Edward Sapone wrote that Fowler was heartbroken that he let himself engage in crimes after over six decades of extraordinary contributions to family and community.
“Reggie (Reginald Fowler) is extremely remorseful,” Sapone wrote. “The American Football League didn’t benefit from the investment that Reggie had planned to make. Reggie’s bank accounts were frozen, he could not secure the investment money, and he was not able to invest the large sum of money he promised to invest.”
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TABLE OF CONTENTS
- Reginald Fowler – Ex-Part Owner Of Minnesota Vikings Gets Over Six Years In Cryptocurrency Scam
- Important Information for New Scam Victims
- Statement About Victim Blaming
- SCARS INSTITUTE RESOURCES:
- Psychology Disclaimer:
- More ScamsNOW.com Articles
- A Question of Trust
- SCARS Institute™ ScamsNOW Magazine
Society of Citizens Against Relationship Scams Inc. [SCARS]
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Important Information for New Scam Victims
Please visit www.ScamVictimsSupport.org – a SCARS Website for New Scam Victims & Sextortion Victims
SCARS Institute now offers a free recovery program at www.SCARSeducation.org
Please visit www.ScamPsychology.org – to more fully understand the psychological concepts involved in scams and scam victim recovery
If you are looking for local trauma counselors, please visit counseling.AgainstScams.org
If you need to speak with someone now, you can dial 988 or find phone numbers for crisis hotlines all around the world here: www.opencounseling.com/suicide-hotlines
Statement About Victim Blaming
Some of our articles discuss various aspects of victims. This is both about better understanding victims (the science of victimology) and their behaviors and psychology. This helps us to educate victims/survivors about why these crimes happened and not to blame themselves, better develop recovery programs, and help victims avoid scams in the future. At times, this may sound like blaming the victim, but it does not blame scam victims; we are simply explaining the hows and whys of the experience victims have.
These articles, about the Psychology of Scams or Victim Psychology – meaning that all humans have psychological or cognitive characteristics in common that can either be exploited or work against us – help us all to understand the unique challenges victims face before, during, and after scams, fraud, or cybercrimes. These sometimes talk about some of the vulnerabilities the scammers exploit. Victims rarely have control of them or are even aware of them, until something like a scam happens, and then they can learn how their mind works and how to overcome these mechanisms.
Articles like these help victims and others understand these processes and how to help prevent them from being exploited again or to help them recover more easily by understanding their post-scam behaviors. Learn more about the Psychology of Scams at www.ScamPsychology.org
SCARS INSTITUTE RESOURCES:
If You Have Been Victimized By A Scam Or Cybercrime
♦ If you are a victim of scams, go to www.ScamVictimsSupport.org for real knowledge and help
♦ Enroll in SCARS Scam Survivor’s School now at www.SCARSeducation.org
♦ To report criminals, visit https://reporting.AgainstScams.org – we will NEVER give your data to money recovery companies like some do!
♦ Follow us and find our podcasts, webinars, and helpful videos on YouTube: https://www.youtube.com/@RomancescamsNowcom
♦ Learn about the Psychology of Scams at www.ScamPsychology.org
♦ Dig deeper into the reality of scams, fraud, and cybercrime at www.ScamsNOW.com and www.RomanceScamsNOW.com
♦ Scam Survivor’s Stories: www.ScamSurvivorStories.org
♦ For Scam Victim Advocates visit www.ScamVictimsAdvocates.org
♦ See more scammer photos on www.ScammerPhotos.com
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Psychology Disclaimer:
All articles about psychology and the human brain on this website are for information & education only
The information provided in this and other SCARS articles are intended for educational and self-help purposes only and should not be construed as a substitute for professional therapy or counseling.
Note about Mindfulness: Mindfulness practices have the potential to create psychological distress for some individuals. Please consult a mental health professional or experienced meditation instructor for guidance should you encounter difficulties.
While any self-help techniques outlined herein may be beneficial for scam victims seeking to recover from their experience and move towards recovery, it is important to consult with a qualified mental health professional before initiating any course of action. Each individual’s experience and needs are unique, and what works for one person may not be suitable for another.
Additionally, any approach may not be appropriate for individuals with certain pre-existing mental health conditions or trauma histories. It is advisable to seek guidance from a licensed therapist or counselor who can provide personalized support, guidance, and treatment tailored to your specific needs.
If you are experiencing significant distress or emotional difficulties related to a scam or other traumatic event, please consult your doctor or mental health provider for appropriate care and support.
Also read our SCARS Institute Statement about Professional Care for Scam Victims – click here
If you are in crisis, feeling desperate, or in despair, please call 988 or your local crisis hotline.
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A Question of Trust
At the SCARS Institute, we invite you to do your own research on the topics we speak about and publish. Our team investigates the subject being discussed, especially when it comes to understanding the scam victims-survivors’ experience. You can do Google searches, but in many cases, you will have to wade through scientific papers and studies. However, remember that biases and perspectives matter and influence the outcome. Regardless, we encourage you to explore these topics as thoroughly as you can for your own awareness.
