Former CEO of Heartland Tri-State Bank in the U.S. Admits to Embezzling $47.1 Million to Purchase Cryptocurrency, Leading to Bank's Collapse
PANews reported on May 24 that according to Bitcoin.com, Shan Hanes, the former CEO of Heartland Tri-State Bank in Kansas, USA, pleaded guilty on Thursday to embezzling $47.1 million for his personal purchase of cryptocurrency, leading to the bank's collapse.
From May to July 2023, Shan Hanes made at least 10 wire transfers from the bank to cryptocurrency accounts. The bank was later acquired by Dream First Bank. Shan Hanes faces up to 30 years in prison and will be sentenced on August 8, 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nexchain Raises $2.6M in Presale As the Altcoin Market Starts Pumping Again
Nexchain has emerged as a standout contender, raising $2.6 million in its crypto presale thanks to its bold integration of AI and blockchain infrastructure. The project is rapidly advancing through its presale stages, with the listing price set at $0.3, providing an expected ROI of 600% for investors who buy right nowNexchain Crypto Presale Crosses $2.6M: Features And Presale TermsWhy Nexchain Is Attracting Investor AttentionThe Final Word
Whales Flock to BTFD as Floki Profits Resurface—Best New Meme Coin to Join This Week Before 8900% Spike!The Countdown Has BegunFind Out More:
There are just 5 days left to be part of 2025’s most electric meme coin presale. May 26 is your last chance to scoop tokens before BTFD hits the open market at $0.0006 on May 27. Once Stage 16 kicks in, that bonus is gone. Forever.BTFD Coin (BTFD) – Game On, Bulls!Floki Inu (FLOKI) – The One You Regret Missing
World Sells $135M in WLD Tokens to Early Investors to Support Orb ID Expansion
Microsoft Disrupts Lumma Malware Behind Massive Crypto Wallet Thefts
Trending news
MoreCrypto prices
More
