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.
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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.
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