A 2022 trial date has been set for onetime NFL team possessor and alleged "shadow banker" Reggie Fowler.

Fowler is the accused operator of the shadow bank to the crypto sector, Crypto Capital, which was at the eye of controversy in the courtroom instance against iFinex Inc — the parent visitor of crypto exchange Bitfinex and stablecoin issuer Tether.

According to Wednesday court documents, United States District Gauge Andrew Carter of the Southern District of New York has set a jury selection and trial date for Feb. 14, 2022, which is subject to change in light of future pandemic-related restrictions.

U.S. prosecutors criminate that Fowler provided unlicensed money-transmitting services to several crypto firms, forth with depository financial institution fraud and laundering funds on behalf of Columbian drug cartels.

A instance against Bitfinex and Tether, in which iFinex was accused of commingling funds betwixt the two firms to encompass up an $850-million loss suffered by Bitfinex in its dealings with Crypto Capital, was settled in February of this year. The firms were ordered to pay $18.5 1000000 worth of civil penalties and to close down trading operations in New York.

Regulators scrutinizing Tether's commercial newspaper reserves: Comptroller of the Currency

All the same, the example against Fowler is still ongoing after he rejected a guilty plea deal that would have left the erstwhile NFL investor on the hook for $371 one thousand thousand. The figure was reportedly based on the gain he generated from his alleged crimes.

U.South. federal attorney Audrey Strauss outlined in the documents that the "parties are not currently engaged in plea negotiations and practise not anticipate resuming negotiations," which means there is unlikely to be a settlement like in the case of iFinex.