📣 Ex-investment banker Rashawn Russell is headed to jail for 41 months for a $1.5M crypto fraud scheme. 🚨

- Russell targeted friends, ex-classmates, and colleagues for his R3 Crypto Fund, promising up to 100% returns.

- He used his banking background to convince investors of the scheme's legitimacy, even fabricating documents to mislead them.

- Funds were used for personal expenses and to repay earlier investors. The scheme lasted until August 2022.

Russell also faces charges for acquiring almost 100 credit and debit cards under other people's names for fraudulent transactions. 😱

The DOJ estimates Russell's scheme led to about $1.5M in investor losses. He's been ordered to pay over $1.5M in restitution.

This is part of a broader DOJ crackdown on crypto fraudsters. What are your thoughts on this? Let's chat below! 👇 #CryptoNews #DeFi