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Bookmark or Share- Victims of cryptocurrency scam awarded restitutionIn August 2024, Shan Hanes, 53, of Elkhart was sentenced to 293 months in prison after pleading guilty to one count of embezzlement by a bank officer. While the chief executive officer (CEO) of Heartland Tri-State Bank (HTSB), Hanes initiated outgoing wire transfers of bank funds to a cryptocurrency wallet belonging to third parties. This ...
- A rainy Monday witnesses the final chapter in a notorious Kansas bank ...Shan Hanes is 30 minutes late getting started. This is the $55 million cryptocurrency bank fraud case that last year caused the failure of the Heartland Tri-State Bank of Elkhart. In this very courtroom, three months ago, Judge John W. Broomes sentenced Hanes to 24 years in prison for a single count of felony embezzlement by a bank officer.
- Former CEO of Failed Bank Sentenced to Prison - Federal Reserve"According to court documents, Shan Hanes, 53, of Elkhart pleaded guilty to one count of embezzlement by a bank officer. "While the CEO of Heartland Tri-State Bank (HTSB) in Elkhart, Kansas, Hanes initiated 11 outgoing wire transfers between May 2023 and July 2023 totaling $47.1 million of Heartland's funds to a cryptocurrency wallet in a ...
- A bank exec stole $47 million for a crypto scam, and now he’s going to ...Shan Hanes, the former CEO of a Kansas bank, was sentenced to 24 years in prison after stealing $47.1 million from the bank and pouring it into a pig butchering scam.
- Former CEO of failed bank sentenced to prison“Shan Hanes was sentenced today for his role in a $47.1 million embezzlement scheme that ultimately caused Heartland Tri-State Bank to fail,” said Special Agent in Charge Justin R. Bundy of the Federal Deposit Insurance Corporation Office of Inspector General (FDIC OIG) Kansas City Region.
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