In a statement, U.S. Attorney Damian Williams said, “Reginald Fowler helped process hundreds of millions of dollars of unregulated transactions on behalf of numerous cryptocurrency exchanges.” He evaded anti-money laundering safeguards and lied to U.S. banks.
“Today’s guilty plea reflects this Office’s continued commitment to the investigation and prosecution of those in the cryptocurrency sector who seek to continue to operate in the shadows,” said U.S. Attorney Williams.
Fowler’s co-conspirators Oz and Ravid Yosef are still at large.
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