![Former Bank CEO Sentenced to prison for $47M Crypto Fraud Leading to Bank Collapse](https://i0.wp.com/static.news.bitcoin.com/wp-content/uploads/2024/08/bank-ceo-prison-768x432.jpg?resize=640%2C360&ssl=1)
The former CEO of failed Heartland Tri-State Bank was sentenced to over 24 years in prison for embezzling more than $47 million in a fraudulent crypto scheme that caused the bank’s collapse. He funneled the stolen funds into cryptocurrency wallets linked to a “pig butchering” scam, leading to a $9 million loss for investors and […]