# Kansas Bank CEO Sentenced 24 Years for Crypto Scam 💸

**URL:** <https://onehack.st/t/kansas-bank-ceo-sentenced-24-years-for-crypto-scam/289652>\
**Category:** News & Articles\
**Tags:** hacking\
**Created:** [August 23, 2024, 9:56am UTC](https://onehack.st/t/kansas-bank-ceo-sentenced-24-years-for-crypto-scam/289652 "2024-08-23T09:56:27Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [August 23, 2024, 9:56am UTC](https://onehack.st/t/kansas-bank-ceo-sentenced-24-years-for-crypto-scam/289652/1 "2024-08-23T09:56:27Z")

</div>

**Summary:**

* * *

1. **Long Prison Sentence**  
Shan Hanes, ex-CEO of Heartland Tri-State Bank, was sentenced to 24 years in prison for embezzling $47 million, which he lost to a “pig butchering” crypto scam.

2. **Bank Collapse**  
The embezzlement led to the bank’s failure and FDIC takeover in 2023. Hanes stole funds from various sources, including local institutions and his daughter’s college savings.

3. **Scam Details**  
Hanes was tricked by scammers posing as cryptocurrency investors. Despite multiple wire transfers and investments, he never saw any returns and lost all the money he stole.

**Read more at:** [NBC News](https://nbcnews.com)