
Crypto Crime: Former Investment Banker Sentenced for $1.5M Cryptocurrency Fraud Scheme
A former investment banker and registered broker has been sentenced to three years and five months in prison for orchestrating a fraudulent cryptocurrency investment scheme that defrauded investors of approximately $1.5 million. Rashawn Russell, 28, conducted the scheme from November 2020 to August 2022. According to court documents, Russell enticed investors with false promises of substantial and sometimes guaranteed returns from crypto investments.