Rashawn Russel  –  Ex-Deutsche Bank Securities Broker Sentenced  For Fraud

Rashawn Russel  –  Ex-Deutsche Bank Securities Broker Sentenced  For Fraud.

Rashawn Ronandi Russell (CRD#: 6982850), a former broker for DEUTSCHE BANK SECURITIES INC. in New York, NY, has been sentenced to three years in prison by the United States Department of Justice.  According to Russel’s FINRA BrokerCheck report, the ex-broker was indicted  for Wire Fraud.

According to a press release from the DOJ, from November 2020 to August 2022, Russell engaged in a scheme to induce multiple victims to invest with him based on false promises that he would use their funds for cryptocurrency investments and that they would earn large—and sometimes guaranteed—returns. Russell misappropriated much of the victims’ assets and used them for his personal benefit.

Rashawn Russel  –  Ex-Deutsche Bank Securities Broker Sentenced  For Fraud

St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors.  The  firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.

We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.

If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from FINRA on 5/30/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.