Similar Stories to Ex-bank Ceo Gets 24 Years After Falling For Crypto Scam, Causing Bank Collapse on Bing News

Enlarge (credit: nadia_bormotova | iStock / Getty Images Plus) A federal judge sentenced a 53-year-old Kansas man to more than 24 years in prison after the former bank CEO abused his trusted position to embezzle $47 million after falling for a cryptocurrency scam that he believed would make him wildly rich. In a press release, the US Attorney's Office said that Shan Hanes was driven by "greed" when directing bank employees to transfer millions in funds to a sketchy crypto wallet managed by still-unknown third parties behind the so-called "pig butchering" scheme. Hanes was first targeted by scammers in late 2022, apparently when he got a message from an unidentified co-conspirator on WhatsApp, prosecutors said.

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BING NEWS:
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    The federal government received over 70,000 complaints of cryptocurrency scams in 2023. One woman who was defrauded out of thousands from her retirement account tells Isaac Lozano how she got scammed ...
    09/16/2024 - 9:08 am | View Link
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