Deutsche Banker Pleads Guilty for Fraudulent Scheme!

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/