On April 6, 2023, the United States of America filed an indictment in the United States District Court, Eastern District of New York, against Russell for allegedly engaging in a scheme to defraud investors by inducing them to invest with the former Deutsche Bank Securities broker based on the false premise that he would use investor money for cryptocurrency investments. Most of the investments were allegedly misappropriated and used for Russell’s personal benefit, and he failed to provide investors with promised rates of return.
Peiffer Wolf is investigating former Deutsche Bank Securities broker Rashawn Russell in light of the United States of America’s filed indictment against Russell relating to the alleged R3 Crypto Fund.
According to Finra’s Brokercheck, Rashawn Russell was formerly a broker with Deutsche Bank Securities from August 2018 to December 2021. He has been in the securities industry since 2018, and held SIE, Series 63 and Series 79 licenses.
In April 2023, the United States of America filed an indictment against Russell for his involvement in the allegedly fraudulent R3 Crypto fund scheme. The United States of America has alleged causes of action, including Wire Fraud and Criminal Forfeiture.
To review Rashawn Russell’s Brokercheck report, click here:
*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)
Brokers have a legal obligation and regulatory obligation to supervise their registered representatives. This duty includes supervising a broker’s outside business activities. To the extent that any of these duties are breached, the customer may be entitled to a recovery of their investment losses.
If you believe you may be a victim of Rashawn Russell’s fraudulent scheme in the R3 Crypto Fund, Contact Us Today for a FREE Consultation: 585-310-5140.
If you believe you may be a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Peiffer Wolf is currently investigating claims against Deutsche Bank Securities for its failure to supervise former broker Rashawn Russell, Contact Us Today by calling 888-390-6491 or by filling out an online Contact Form for a FREE Consultation.
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