Episode Details

This is part 29 of the crypto series. Shareholders of Heartland Tri-State Bank received a favorable and somewhat unprecedented ruling from a judge in the crypto embezzlement case. The judge awarded bank shareholders all money recovered, and the FDIC got nothing! Heartland Tri-State Bank was a small bank in Kansas that failed in July of 2023 due to the CEO embezzling $47 million because of getting sucked into a crypto scam. This episode examines an article from Bank Director titled “Failed bank’s shareholders win big in crypto embezzlement case.” A link to the article is included below.

Link:  Failed Bank’s Shareholders Win Big in Crypto Embezzlement Case | Bank Director