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Who is Rashawn Russell?

A former Deutsche Bank investment banker is facing up to 20 years behind bars for allegedly committing crypto fraud. Registered broker Rashawn Russell, 27, was arrested yesterday and will be arraigned today in a New York court, the Justice Department said Tuesday.

Did former Deutsche Bank investment banker misappropriate funds from investors?

NEW YORK (Reuters) - A former Deutsche Bank AG investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors who he wooed with promises of big returns from cryptocurrency trading.

Who is Russell Russell and what did he do?

According to the indictment, Russell told prospective investors that he was a licensed broker who worked in investment banking and could help them earn large and sometimes guaranteed returns from R3, a cryptocurrency fund he claimed to run.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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