Ex-Deutsche Bank investment banker pleads guilty to crypto fraud

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A former investment banker pleaded guilty to committing crypto investment fraud worth $1.5 million and identity theft.

He could face up to 30 years in jail once sentenced.a statement about a former investment banker pleading guilty to committing a crypto investment fraud.

He scammed a total of 29 investors of $1.5 million during November 2020- August 2022. He could face up to 30 years in jail when he gets sentenced for crypto fraud. Russell exploited the funds obtained from these investors for personal benefits, gambling, and repaying earlier investors.Russell also pleaded guilty to his role in a separate identity theft scheme. During September 2021- June 2023, he fraudulently obtained more than fifteen credit cards and other devices using false information in the names of third parties. He was hoping to use them to carry out illicit and unauthorized transactions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ex-Deutsche Bank investment banker pleads guilty to crypto fraudBy Kanishka Singh WASHINGTON (Reuters) - A former Deutsche Bank investment banker, who was charged in April with misappropriating funds from investors ...
Source: SaltWire Network - 🏆 45. / 63 Read more »