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A bank exec stole $47 million for a crypto scam, and now he’s going to jail

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Shan Hanes , the former CEO of the Heartland Tri-State Bank , pleaded guilty to embezzlement after routing the funds to scammers' crypto accounts.

The bank he was in charge of was one of the five banks to close in 2023 .

Hanes also stole money from a local church, an investment club, and his daughter’s college savings account.