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27 Sep 2023

Local US Bank Shut Down after CEO Lost Millions in Crypto Scam

Local US Bank Shut Down after CEO Lost Millions in Crypto ScamHeartland Tri-State Bank, a community bank in Elkhart, Kansas, has been forced to shut down after its CEO, Shan Hanes, lost millions of dollars in a cryptocurrency scam.  The incident unfolded on July 5 when Hanes, desperate to retrieve his money from a supposed cryptocurrency investment, approached one of his wealthy clients with a peculiar request, according to a recent report from Bloomberg. Per the report, the banker asked the client to lend him $12 million, promising to repay the loan with an additional $1 million in interest after just 10 days.  Hanes said he was investing in crypto with the help of someone else and claimed that there were some wire payment issues, which needed an infusion of more funds. The client, a local farmer, ultimately declined to provide the loan, sus

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