A former Deutsche Bank employee was sentenced to 3 years in prison for orchestrating a cryptocurrency scheme that resulted in losses of US$$ 1.5 million for investors.

The sentence was handed down by United States District Judge, Hector Gonzalez, last Thursday (30).

In addition to the prison sentence, 28-year-old Rashawn Russell was ordered to pay more than US$$ 1.5 million in restitution to the victims of his scam. He had pleaded guilty in September 2023, admitting to charges of wire fraud and access device fraud.

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