Federal prosecutors announced on Monday that a former minority owner of the Minnesota Vikings has been sentenced to 75 months in prison for digital asset fraud. In addition to the prison term, the defendant is required to pay a $740 million fine and $53 million in restitution.

According to the prosecution, the defendant misled the management of the Alliance of American Football by claiming that he would support the league with accounts from real estate operations. This led to the conclusion of a stock purchase agreement, making him the largest shareholder of the league's parent company. However, in reality, these bank accounts were used for illegal exchanges of cryptocurrency for fiat money without the banks' knowledge. Over 10 months, about 750 million dollars in cryptocurrency transactions passed through this scheme.

The accused company's Global Trading Solutions provided payment processing services for Crypto Capital (, a non-existent "shadow bank" ), and other cryptocurrency firms. Prosecutor Damien Williams stated: "The defendant violated federal anti-money laundering laws and committed fraud against the NFL while deceiving Bank of America" (Forbes).