Former Deutsche Bank exec pleads guilty over ‘R3 Crypto Fund’ scheme By Cointelegraph

A former Deutsche Bank investment banker — who was charged earlier in 2023 in relation to a fraudulent cryptocurrency trading scheme — has pleaded guilty to investment fraud and could face up to 30 years in prison.

According to a Sept. 19 statement from the United States Department of Justice (DOJ), 27-year-old Rashawn Russell pleaded guilty to participating in a scheme where he operated a fraudulent crypto investment fund dubbed the “R3 Crypto Fund.”