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A bank exec stole $47 million for a crypto scam, and now he’s going to jail

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in News by (8.6k points)

Shan Hanes, the former CEO of the small Heartland Tri-State Bank, pleaded guilty to embezzlement after routing the funds to scammers’ crypto accounts, causing the bank to collapse.

Source: https://www.theverge.com/2024/8/23/24226763/former-bank-ceo-sentenced-crypto-pig-butchering-scam

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