Former investment banker to be arraigned on cryptocurrency fraud charges
DOWNTOWN BROOKLYN — A former investment banker and registered broker appeared in federal court in Brooklyn on Tuesday to be arraigned on charges related to a cryptocurrency investment fraud scheme.
Rashawn Russell, who is 27 years old, was arrested in Brooklyn on Monday and was arraigned on Tuesday before U.S. Magistrate Judge Ramon Reyes, Jr.
“As alleged, Russell turned the demand for cryptocurrency investments into a scheme to defraud numerous investors in order to fund his lifestyle,” U.S. Attorney Breon Peace said. “This Office will continue to aggressively pursue fraudsters perpetrating these schemes against investors in the digital asset markets.”