Rashawn Russell, a former investment banker, has been sentenced to 41 months in jail for wire fraud related to a cryptocurrency and access device fraud.
Leveraging his background as a former investment banker and registered broker, Russell convinced investors of the scheme’s legitimacy. He allegedly fabricated documents, including altered bank website images and fake bank wire transfer confirmations, to mislead investors about their investment status.
In addition to the crypto fraud, Russell faces charges for acquiring nearly 100 credit and debit cards under other people’s names between September 2021 and June 2023. He allegedly intended to use them for fraudulent transactions. Initially placed on home detention after his arrest, Russell’s bail was revoked in February 2024 due to continued identity theft activities. In a letter to the judge before sentencing, Russell expressed remorse for his actions and their impact on the victims.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »
Crypto investment funds intake $130M, while filings reveal new spot BTC ETF purchasersFund flows to crypto investment products turn positive as investment filings reveal growing institutional investor exposure to the spot Bitcoin ETFs.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »
La source: hackernoon - 🏆 532. / 51 Lire la suite »
La source: KUTV2News - 🏆 281. / 63 Lire la suite »
EU seeks stakeholder opinion on adding crypto to 12T euro investment marketThere won’t be an independent UCITS fund with 100% crypto allocations but rather multiple UICTS funds with a certain percentage of crypto allocation.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »