Lawyers representing Reggie Fowler – the accused operator of the notorious shadow bank of the crypto sector Crypto Capital – have applied to resign from their position as Fowler’s attorney.
According to the petition, James McGovern and Michael Hefter of Hogan Lovells have discussed pulling out of an ongoing case between the businessman and the US government since February 26, after Fowler rejected the nine-digit prayer deal last month.
Crypto Capital is accused of providing unlicensed money transfer services, bank fraud and money laundering on behalf of Colombian drug cartels.
Crypto exchange Bitfinex and its subsidiary Tether also say that a Panamanian shadow bank has lost more than $ 800 million in the funds it handed over to the company as a result of a series of enforcement actions against banks that have used Crypto Capital around the world.
The petition submitted to Fowler’s attorney does not provide specific reasons for wanting to decline, although it states that “professional considerations require termination of representation.”
“The attorney’s withdrawal has been the subject of discussion with Mr Fowler since February 26, 2020, and since then the attorney has repeatedly informed Mr Fowler, verbally and in writing, that the attorney has reason for refusal.
Under New York State rules, attorneys can only register after court recognition, provided that “the withdrawal is made without negatively affecting the client’s interests.”
The attorneys claim that they can close the case without affecting Fowler’s interests, noting that there is only “limited relevant disclosure” in the case, and that there are still more than five months before the expected trial, giving the new attorney plenty of time to prepare. Protect it.
“The attorney took reasonable steps to defend Mr. Fowler’s interests, telling him time and again that the attorney had reasons to seek dismissal and that the attorney intended to attempt to nullify […] Mr. Fowler had time to find a new attorney. He wanted that.
On April 30, 2019, Fowler was charged with bank fraud and operating an unlicensed money transfer company, in which the US law firm claimed that “hundreds of millions of dollars went into” the accounts of Fowler and his employees under false pretenses.