Former CEO of Kansas Bank Accused of Using Bank’s Funds for Cryptocurrency Purchases
The former CEO of a Kansas bank that failed last year, Shan Hanes, is facing charges for allegedly using the bank’s funds to make cryptocurrency purchases. The State Bank Commissioner of Kansas had announced the insolvency of Heartland Tri-State Bank last summer, leading to its acquisition by Dream First Bank. The Federal Deposit Insurance Corporation stepped in to secure the bank’s assets and ensure customers could still access their money.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!
Login if you have purchased
