U.S. Heartland Tri-State Bank director embezzled $47 million from his accounts and pleaded guilty  

17:29 - 24.05.2024


May 24, Fineko/abc.az. The director of Heartland Tri-State Bank, Shane Haines, squandered the money of the bank and customers on cryptocurrency. He made more than 10 transfers from bank accounts from May to July 2023. 

ABC.AZ reports that Haines pleaded guilty to embezzling $47 million from customer accounts to purchase cryptocurrencies. The machinations of the top manager led to the collapse of the bank and now he faces up to 30 years in prison. 
Haines also appropriated funds from a local church and an investment club to buy cryptocurrency.