📰 From bank executive to prisoner: Former Kansas CEO embezzled $47 million in cryptocurrency and spent 24 years in prison!

🎖️ Shan Hanes, a former Kansas bank executive, was sentenced to more than 24 years in federal prison for embezzling $47.1 million in a cryptocurrency fraud case and causing the collapse of Heartland Tri-State Bank (HTSB).

🕵️‍♂️ Court records show that between May and July 2023, Hanes illegally transferred $47.1 million from the bank to a cryptocurrency wallet through 11 unauthorized wire transfers. It is alleged that this was an elaborate "pig killing" that specifically lured investors who were unsuspecting of digital asset investments.

👥 The scam not only bankrupted HTSB, but also caused huge losses to the FDIC and investors lost $9 million. Now, a federal judge has ordered a hearing within 90 days to decide how to compensate the victims.

🔍 U.S. Attorney Kate E. Brubacher commented on the case, saying that Hanes not only violated professional ethics and the law, but also undermined people's confidence in Heartland Bank and its investors.

👮 FBI Special Agent in Charge Stephen Sellers also emphasized that Hanes betrayed the trust of the Elkhart community and used his position to embezzle, resulting in a scam that led to the bank's collapse. He should have protected the bank and customers instead of participating in fraud.

🏢 Korey Brinkman of the Federal Housing Finance Agency pointed out that Hanes seriously violated trust, caused huge losses to customers, and ultimately led to the bank's collapse.

👨 Agent Jon Ellwanger added that this sentence sends a clear signal that executives who undermine the stability of community banks will be severely punished by law.

‍⚖️ He is proud of the cooperation with federal law enforcement to achieve this result and thanked the U.S. Attorney's Office for ensuring that Hanes is held accountable for his crimes.

👇 What do you think of this case? What suggestions do you have for strengthening supervision? Share your thoughts and opinions in the comments section!

#银行欺诈 #加密货币骗局 #法律制裁 #金融安全 #投资者保护

⚖️ Singapore mining scam revealed: A&A Investment Company CEO Yang Bin sentenced to 6 years in prison!

🚨 Yang Bin, CEO of a Singaporean company called A&A, was sentenced to 6 years in prison for running a cryptocurrency mining Ponzi scheme! This incident caused a sensation in Singapore.

🇸🇬 According to Singapore's Lianhe Zaobao, this Dutch Yang Bin set up an investment company in Singapore, saying that he was cooperating with a Chinese mining company and had a lot of mining machines, but it turned out to be all bragging. He also found three people to cheat more than 700 people for a total of 6.7 million Singapore dollars!

🤯 According to reports, Yang Bin's investment company A&A was established in April 2021 and said it was engaged in cryptocurrency mining investment. They also boasted that they had a cooperation with a mining company in Yunnan, China, and had 70% ownership of the mining company's 300,000 mining machines. They also promised to give investors a profit of 0.5% per day. Doesn't it sound tempting?

🔍 But in fact, A&A had no cooperation at all, and the mining machines were fictitious. This is a typical Ponzi scheme, using the money of new investors to pay the "profits" of old investors.

👀 In the end, Yang Bin faced 19 charges and pleaded guilty to eight of them in the Singapore National Court on August 26. The judge sentenced him to six years in prison and fined him 16,000 Singapore dollars.

👥 Moreover, this is not the first person from A&A to be arrested. Just on August 10, their company's CTO Wang Xinghong was also sentenced to 5 years in prison for participating in this scam.

🤔 This incident sounded the alarm for us: investment is risky, and we need to be cautious when entering the market. Especially for those projects that sound too profitable, we must be more careful.

👇 What do you think of this cryptocurrency mining scam? What investment tips do you have to avoid being fooled? Share your experience in the comment section, let us be vigilant and stay away from investment scams!

#新加坡骗局 #加密货币挖矿 #庞氏骗局 #投资风险 #法律制裁

🌐 Former Russian investigator sentenced to 16 years for Bitcoin bribery🚨

Marat Tambiyev, a former mid-level Russian investigator, was sentenced to 16 years in prison for accepting Bitcoin bribes worth about $65 million. The bribe came from members of the "Infraud Organization" hacker group he was investigating.

While working at the Russian Investigative Committee (ICR), Tambiyev was responsible for investigating the organization, but was found to have accepted a bribe of 1,032 Bitcoins in exchange for not confiscating the organization's illegal assets.

According to reports, Tambiyev's crimes were revealed in early 2023, when the 1,032 Bitcoins involved were worth about 1.6 billion rubles, exceeding Russia's previous bribery record.

Investigators also found a folder called "Pension" in Tambiyev's Mac computer, which contained the wallet keys involving these Bitcoins. Although Tambiyev insisted that he was framed and planned to appeal, the court ultimately found him guilty.

💡 Conclusion:

This case not only reveals the role of cryptocurrency in bribery and money laundering, but also shows Russia's efforts to combat cybercrime and corruption.

Although Tambiev claimed that his actions helped the country recover some of the criminal funds, his defense was not accepted by the court.

This case also sounded the alarm for other potential corruption cases, indicating that even in the field of cryptocurrency, illegal behavior cannot escape legal sanctions

💬 What do you think of this bribery case involving cryptocurrency? Do you think the anonymity of cryptocurrency increases the difficulty of combating corruption? As cryptocurrency becomes increasingly popular, how should we strengthen supervision to prevent similar crimes?

#加密货币 #反腐 #法律制裁 #比特币贿赂 #俄罗斯