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Ex-Deutsche Bank Banker Poised to Plead Guilty to Crypto Fraud
Former Deutsche Bank investment banker Rashawn Russell, who has denied defrauding investors in a cryptocurrency fraud, appears ready to change his mind and plead guilty to fraud charges, court records show. Russell was indicted in April by federal prosecutors in Brooklyn, New York, accused of duping investors by promising them “guaranteed returns.” After repeated postponements for Russell’s lawyers to engage in plea negotiations with the government, the case was referred Thursday to a magistrate judge for a “change of plea hearing,” according to the court docket, which doesn’t say when Russell will next ... (full story)