The post Deutsche Banker Pleads Guilty for Fraudulent Scheme! appeared first on Coinpedia Fintech News
Rashawn Rusell, former Deutsche Bank investment banker, has pleaded guilty to investment fraud in a fraudulent cryptocurrency trading scheme that swindled 29 investors out of $1.5 million. Russell operated a fraudulent crypto investment fund called the “R3 Crypto Fund,” leveraging his reputation as an investment banker and licensed financial broker to promise guaranteed oversized returns on a series of crypto investments. Russell may face up to 30 years in prison for his crimes and will have to pay more than $1.5 million in restitution. Russell also pleaded guilty to his role in a different identity-theft scheme where he fraudulently obtained credit cards and other devices using false information.
Source: https://coinpedia.org/crypto-live-news/deutsche-banker-pleads-guilty-for-fraudulent-scheme/