Legal
Ex-Deutsche Bank Investment Banker Gets 3 Years for Fraud
- Rashawn Russell pleaded guilty to federal charges in September
- He began crypto-fraud scheme while working at Deutsche Bank
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A former Deutsche Bank AG investment banker was ordered to spend more than three years behind bars for running a Ponzi-like scheme in which he promised investors “guaranteed” returns in cryptocurrency.
Rashawn Russell, 28, was sentenced Thursday in federal court in Brooklyn, New York, to 41 months in prison. He was also ordered to pay $1.5 million in restitution to his victims.