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

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

Published Sep 20, 2023 01:57AM ET Updated Sep 20, 2023 03:40AM ET

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

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.”

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