close
close

first Drop

Com TW NOw News 2024

Former bank CEO sentenced to prison for  million crypto fraud that led to bank collapse
news

Former bank CEO sentenced to prison for $47 million crypto fraud that led to bank collapse

Former bank CEO sentenced to prison for $47 million crypto fraud that led to bank collapseThe former CEO of the failed Heartland Tri-State Bank was sentenced to more than 24 years in prison for embezzling more than $47 million in a crypto fraud scheme that caused the bank’s downfall. He funneled the stolen funds into cryptocurrency wallets linked to a “pig butchering” scam, resulting in $9 million in losses for investors and (…)