Patricia Hurtado
A former Deutsche Bank investment banking associate was charged with engaging in a cryptocurrency fraud scheme in which he falsely promised investors “guaranteed” returns.
Rashawn Russell, 27, was arrested on Monday by the US and accused of defrauding multiple investors by telling them their funds would be used for crypto investments, Brooklyn US Attorney Breon Peace said Tuesday in a statement. Russell, who is charged with wire fraud, faces as long as 20 years in prison if convicted, Peace said.