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The former CEO of a southwestern Kansas bank who embezzled $47 million in a cryptocurrency scheme has been sentenced to 24 years in prison. Shan Hanes, 53, former CEO of Heartland Tri-State Bank ...
Prosecutors said Hanes, who was the CEO of Heartland Tri-State Bank in Elkhart, Kansas, lost the money in a scam referred to as “pig butchering,” or the way pigs are fattened before slaughter.
Heartland Tri-State employees circumvented the bank’s own wire policy and daily limits to approve Hanes’ wire transfers, according to a report by the Office of the Inspector General of the ...
The 2023 failure of Heartland Tri-State Bank in Elkhart, Kansas, United States, was directly tied to a pig-butchering scam; CEO Shan Hanes was discovered to have embezzled $47 million from the bank in an attempt to secure his presumed funds. Hanes was charged in federal court with embezzlement in February 2024 and pleaded guilty in May 2024.
Community & Southern Bank 222.7 37 Heartland Bank Leawood Kansas July 20, 2012: Metcalf Bank 110.0 38 Second Federal Savings and Loan Association of Chicago Chicago Illinois July 20, 2012: Hinsdale Bank & Trust Company 199.1 39 Jasper Banking Company Jasper Georgia July 27, 2012: Stearns Bank, N.A. 216.7 40 Waukegan Savings Bank Waukegan Illinois
In May 2018, Heartland's Direct Call Account received a 5-star rating from CANSTAR in its Flexible Saver and Regular Saver categories. [16] In June 2018, Heartland launched a mobile app for its deposit customers to give them better control over their investments. [17] [18] In July 2018, Heartland was named Canstar Bank of the Year – Savings. [19]
News. Shopping. Main Menu. News. News. Entertainment. Lighter Side. ... In 2023, for example, Heartland Tri-State Bank in Elkhart, Kansas failed, resulting in the bank’s chief executive officer ...
Heartland Payment Systems, Inc. is a U.S.-based payment processing and technology provider. Founded in 1997, Heartland Payment Systems' last headquarters were in Princeton , New Jersey. [ 2 ] The company was acquired by Global Payments for $4.3 billion in 2016.