A Kansas pig butchering: CEO who defrauded bank, church, friends gets 24 years
ID: b0f19be6-76ba-59ed-9d17-69124ec2f37b
STIX ID: report--b0f19be6-76ba-59ed-9d17-69124ec2f37b
Feed Name: The Register (Security)
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The FBI recovered about $8 million after Shan Hanes, CEO of Heartland Tri-State Bank, was convicted for embezzling funds to feed a cryptocurrency "pig butchering" scam that resulted in $47.1M missing and the effective collapse of the small Kansas bank; the fraud involved social-engineering over WhatsApp, misuse of CEO authority to authorize transfers, and was uncovered after regulatory review and a tip, leading to prosecution and partial restitution to victims.
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