All content for The Banker Next Door is the property of Dr. Joseph Bergquist and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Major ruling in Heartland Tri-State Bank crypto embezzlement case (Crypto Series Part XXIX)
The Banker Next Door
13 minutes
2 weeks ago
Major ruling in Heartland Tri-State Bank crypto embezzlement case (Crypto Series Part XXIX)
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
