Reggie Fowler’s lawyers, the accused of running the famous shadow bank of the crypto sector, Crypto Capital, They filed a motion to withdraw as attorneys for Fowler.
After the application, James McGovern of Hogan Lovells US and Michael Hefter have discussed pulling out of the ongoing case between the businessman and the US government since February 26th.after Fowler turned down a nine-digit deal the previous month.
Crypto Capital has been accused of performing unlicensed money transfer services, bank fraud and money laundering on behalf of Colombian drug cartels.
The crypto exchange Bitfinex and its sister company Tether also claim that Panamanian Shell Bank has lost more than $ 800 million in funds entrusted to the company in a series of law enforcement actions against the banks that Crypto Capital employs worldwide.
The motion from Fowler’s attorneys gives no specific reasons for the withdrawalalthough it is said that “professional considerations require termination of representation.”
“The issue of attorney removal has been the subject of discussions with Mr. Fowler since February 26, 2020, and attorneys have informed Mr. Fowler several times since then, verbally and in writing, that there were reasons for discussion about retirement. “
The New York Rules say so Lawyers can only withdraw by order of the court, as long as the “withdrawal can take place without significant negative effects on the interests of the client”.
The lawyers say they can be withdrawn without jeopardizing Fowler’s interests, noting that the case has seen “limited relevant discoveries”. and that the planned trial is more than five months away, giving the new attorneys ample time to prepare their defense.
“The attorneys have taken reasonable steps to protect Mr. Fowler’s interests by repeatedly informing him that there were reasons for the attorneys to withdraw and that they intended to do so. […] Mr Fowler has had a long time to find a new lawyer if he so wishes. ”
On April 30, 2019, Fowler was charged with bank fraud and running an unlicensed money transfer business The United States Attorney’s Office alleged that “hundreds of millions of dollars have flowed into the accounts of Fowler and his associates on fraudulent pretexts.”
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