“The riskiest thing you can do is get greedy.” – Lance Armstrong
The Feds nabbed $225.3 million worth of crypto this week in the largest-ever seizure of stolen and laundered cryptocurrency – and a large chunk of it was tied to Piggy Banker Shan Hanes.
Hanes currently resides in Leavenworth on a 24-year prison sentence after looting more than $47 million from his bank and inexplicably losing it all to crypto crooks.
The CEO of Heartland Tri-State Bank in Elkhart, Kan., was the victim of what’s called a pig-butchering scheme. The fraud he committed to feed his online scammers led to the failure of what had been a pillar of his tiny farming community in 2023.
“I’ll forever struggle understanding how I was duped,” Hanes said at sentencing, as quoted in a deep dive by The New York Times. “I should have caught it, but I didn’t.”
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