Ex-Investment Banker Charged in Crypto Scam

A former Deutsche Bank executive appears to have operated a fraudulent “crypto fund,” according to a New York indictment.  On Tuesday, authorities in New York indicted Rashawn Russell, a former FINRA-registered broker and investment banker, for wire fraud.  Russell allegedly made false promises to clients of his R3 Crypto Fund between November 2020 and August 2022.  Lawyers for the Eastern District of New York filed the indictment on April 6. It alleges that Russell falsely promised guaranteed returns and misrepresented his investment banking and broker credentials. Furthermore, he reportedly used the investors’ assets for his personal benefit. Including gambling and