🚨 Former banker sentenced to 41 months in prison for cryptocurrency fraud! 🚨

Former Deutsche Bank executive Rashawn Russell will face 41 months behind bars for his role in a fraudulent cryptocurrency scheme. On May 31, the Eastern District Court of New York in Brooklyn sentenced Russell for wire fraud and an unrelated access device fraud scheme. What exactly did he do?

R3 Crypto Fund Fraud: Russell ran the R3 Crypto Fund between November 2020 and August 2022. This fund promised cryptocurrency investments with high returns, but in reality, Russell used investors' money for personal gain or to pay other investors . A blatant deception!

Stolen Bank Cards: Additionally, Russell obtained 97 bank cards with at least 43 identities for fraudulent transactions. A real identity thief!

Sentence and Restitution: Although he could have faced up to 30 years in prison, Russell will serve 41 months and must pay $1.5 million in restitution to victims of the cryptocurrency scheme.

Justice is closing in on cryptocurrency scammers. Beware of bad decisions in the digital world! 💻🔒