Ex-Deutsche Banker Pleads Guilty in $1.5M Crypto Scam
Rashawn Russell, a former Deutsche Bank investment banker, has pleaded guilty to investment fraud. He faces up to 30 years in prison and must pay more than $1.5 million in restitution.
The U.S. Department of Justice revealed that the 27-year-old scammed 29 investors, accumulating $1.5 million by promising guaranteed high returns on crypto investments.
He fabricated documents, misled investors about their returns, and misused most of the funds for personal benefits, including gambling.
He fabricated documents, misled investors about their returns, and misused most of the funds for personal benefits, including gambling.
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