FBI recovers $8.30 million embezzled by former Kansas bank CEO from crypto account in Cayman Islands
On November 5th, according to Fortune, the Federal Bureau of Investigation (FBI) has successfully recovered $8.30 million embezzled by the former Kansas bank CEO, which was deposited in a cryptocurrency account in the Cayman Islands. Yesterday in federal court in Kansas, 30 community bank shareholders broke out in relief after learning that they would get their investment back in full.
Earlier in August, Shan Hanes, the former CEO of Heartland Tri-State Bank, a small Kansas bank, was sentenced to more than 24 years in prison for embezzling tens of millions of dollars in crypto "romance scams" and causing the bank to fail.