Ex-Deutsche Bank investment banker Rashawn Russell charged in US with crypto fraud

Rashawn Russell, a former Deutsche Bank AG investment banker, has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors whom he wooed with promises of big returns from cryptocurrency trading.

Hailing from Brooklyn, 27-year-old Russell solicited investments from friends and colleagues but used the funds for gambling and other personal expenses, federal prosecutors said.