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After Kansas bank collapsed, former CEO admits to embezzling $47 million for crypto scheme

The former executive of a rural Kansas bank that collapsed last summer has admitted to a embezzling tens of millions of dollars for a cryptocurrency scheme.Shan Hanes, 52, of Elkhart, pleaded guilty Thursday in U.S. District Court to one count of embezzlement by a bank officer. Sentencing is scheduled for Aug. 8, with a maximum of 30 years in prison, maximum fine of $1 million and up to $60.5 million in restitution.Hanes previously was the CEO of Heartland Tri-State Bank in Elkhart in southwest ...

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