Ex-NFL Investor Fowler Will Plead Guilty to Fraud in Crypto Case

A former investor in the National Football League’s Minnesota Vikings will plead guilty to fraud over an unlicensed banking operation for cryptocurrency traders, his lawyer told a federal judge.

Reginald Fowler will enter an “open plea,” meaning he will plead without having reached a sentencing agreement with prosecutors, attorney Edward Sapone told the court in a filing late Thursday in federal court in Manhattan. He will plead guilty to wire fraud and conspiracy to commit bank fraud and operate an unlicensed money-transmitting business.

“Every case must be evaluated individually,” Sapone said in an email. “There is a freedom attached ...