Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse
Submitted by Anonymous (not verified) on Wed, 08/21/2024 - 04:40
The former CEO of failed Heartland Tri-State Bank was sentenced to over 24 years in prison for embezzling more than $47 million in a fraudulent crypto scheme that caused the bank’s collapse. He funneled the stolen funds into cryptocurrency wallets linked to a “pig butchering” scam, leading to a $9 million loss for investors and […]