The original investor in the Alliance of American Football, Reggie Fowler, was arrested and charged by the U.S. Attorney’s Office in the Southern District of New York, the FBI and the IRS with committing bank fraud and operating an unlicensed money transmitting business.
According to Darren Rovell of Action Network, Fowler agreed to fund the league with up to $170 million of his own money. According to sources, 28 million dollars had been given to the AAF from the Fowler, but the money was not coming in fast enough.
Fowler is a scam artist. Remember he was the man that wanted to buy the Minnesota Vikings but he had financial issues.
Fowler and his partner Ravid Yosef, between February and October of 2018, moved hundreds of millions of dollars through banks for a cryptocurrency business under the guise of what they said were real estate holdings.
This AAF league went down and it is sad. The football was solid, and 56 players had an opportunity to get to the NFL.