BROOKLYN, NEW YORK
Did you invest in cryptocurrency with Rashawn Russell of Deutsche Bank? Our securities arbitration firm is looking into allegations made against this advisor. Earlier this week, he 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 and 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.
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