Title: Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse
Post by: Bitcoin on Aug 21, 2024, 06:07 am
Post by: Bitcoin on Aug 21, 2024, 06:07 am
Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse
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 […]
Source: Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse (https://news.bitcoin.com/former-bank-ceo-sentenced-to-prison-for-47m-crypto-fraud-leading-to-bank-collapse/)
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 […]Source: Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse (https://news.bitcoin.com/former-bank-ceo-sentenced-to-prison-for-47m-crypto-fraud-leading-to-bank-collapse/)