The Australian info Rashawn Russell, a previous financialinvestment lender at Deutsche Bank, has pleaded guilty to charges of abusing funds from financiers who were tempted by guarantees of substantial returns from cryptocurrency trading, according to the U.S. Justice Department. Russell’s guilty plea comes after he was charged with managing an fancy scams plan in April. He now dealswith the possibility of up to 30 years in jail, as well as the requirement to pay restitution surpassing $1.5 million. “Russell leveraged financier interest in cryptocurrency markets to commit a plan to defraud customers who reliedon him,” U.S. Attorney Breon Peace stated in a declaration. “The swift conviction in this case highlights this Office’s dedication to holding bad stars in the digital property markets liable.” Former Investment Banker and Registered Broker Pleads Guilty to Cryptocurrency Investment Fraud Scheme https://t.co/rbIlwpAEGt (Announced with @TheJusticeDept and @USPISpressroom) — US Attorney EDNY (@EDNYnews) September 19, 2023 A advanced scams plan According to court files and information provided throughout the plea hearing, inbetween November 2020 and August 2022, Russell, a previous financialinvestment lender and signedup broker under the Financial Industry Regulatory Authority, was included in a deceitful plan. He tricked financiers into putting their cash into his R3 Crypto Fund by wrongly guaranteeing them that their funds would be utilized for cryptocurrency financialinvestments that
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