Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse

[Bitcoin]

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