Former Deutsche Bank Investment Banker Charged in US With Crypto Fraud

Former Deutsche Bank Investment Banker Charged in US With Crypto Fraud
A representation of virtual currency Bitcoin in front of a stock graph on Jan. 8, 2021. Dado Ruvic/Reuters
Reuters
Updated:
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NEW YORK—A former Deutsche Bank AG investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors who he wooed with promises of big returns from cryptocurrency trading.

Rashawn Russell, 27, of Brooklyn, solicited investments from friends and colleagues but used the funds for gambling and other personal expenses, federal prosecutors said.