Former Deutsche Bank Advisor Rashawn Russell Indicted for Crypto Fraud
BROOKLYN, NEW YORK
Did you invest in cryptocurrency with Rashawn Russell? The securities and investment fraud law firm of Israels & Neuman is looking into allegations made against him. Earlier this week, Rashawn Russell, from Brooklyn, New York, was indicted for fraud. He is alleged to have solicited investors to give him money to invest in cryptocurrencies through an entity called R3 Crypto Fund. He raised funds from at least four investors, but instead of investing money in cryptocurrencies, on most occasions he misappropriated the funds to pay for personal debts, including gambling, and to repay other investors.
Rashawn Russell was a financial advisor and registered representative of Deutsche Bank from August 2018 to December 2021. He worked at a Deutsche Bank office in New York City. He was charged by the U.S. Attorney’s Office in the Eastern District of New York.
Deutsche Bank has a responsibility to adequately supervise its representatives. When firms fail to adequately monitor their registered representatives, they may be liable for investment losses sustained by customers.
View Russell, r BrokerCheck 4.13.23
If you lost money with Rashawn Russell, Deutsche Bank, or R3 Crypto Fund, please Contact Us at 206-795-5798 for a free evaluation of your case.