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Rashawn Russell, a former investment banker at Deutsche Bank, has pleaded guilty to cryptocurrency fraud. Initially charged in April, Russell admitted to misusing investor funds earmarked for a cryptocurrency trading scheme. He promised investors substantial profits through a digital asset fund called R3 but diverted a significant portion for personal activities, including gambling. Russell also allegedly fabricated financial statements to deceive investors. As part of the settlement, he will repay over $1.5 million and could face up to 30 years in prison. Deutsche Bank, while not implicated, continues to cooperate with official investigations.

<br><br>Rashawn Russell, a former investment banker at Deutsche Bank, has pleaded guilty to cryptocurrency fraud. Initially charged in April, Russell admitted to misusing investor funds earmarked for a cryptocurrency trading scheme. He promised investors substantial profits through a digital asset fund called R3 but diverted a significant portion for personal activities, including gambling. Russell also allegedly fabricated financial statements to deceive investors. As part of the settlement, he will repay over $1.5 million and could face up to 30 years in prison. Deutsche Bank, while not implicated, continues to cooperate with official investigations.<img src="https://d1x7dwosqaosdj.cloudfront.net/images/2023-09-20/4c175f0212fe9b613e9e62471fd2e805.jpg" alt="IMG_20230920_143132.jpg" style="width:100%; height:auto; margin-top: 10px; margin-bottom: 10px"><br><br>

Former Deutsche Banker PleadsGuilty in CryptoFraud

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