FBI Recovered $8.3M From Kansas Bank’s Pig Butchering Scam

Quick Summary:

With the rising pig butchering scams and investors losing their hard-earned money, the FBI has to be active in dealing with the scams.

Just recently, the authorities have gotten their hands on a year-old case, impacting more than 30 people and the bankruptcy of the Kansas Bank.

More importantly, the main culprit, the former CEO and President of Heartland Tri-state Bank in Elkhart, Southwest Kansas, was imprisoned for 24 years.

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Article Details

Author / Journalist: Pooja Khardia

Category: Crypto

Markets: India

Topics: Pig Butchering Crypto Scams Crypto scams 24/7 Cryptocurrency News FBI bust

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 14:08:51 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23431863

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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