Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse

Ars Technica
By Ashley BelangerAug 22, 2024, 4:05 pm145 pts
Enlarge (credit: nadia_bormotova | iStock / Getty Images Plus) A federal judge sentenced a 53-year-old Kansas man to more than 24 years in prison after the former bank CEO abused his trusted position to embezzle $47 million after falling for a cryptocurrency scam that he believed would make him wildly rich. In…

Read Article Share
Share Article
- email
- x.com
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on Tech News Tube

AI video startup, Higgsfield, founded by ex-Snap exec, lands $1.3B valuation

TechCrunch

AI video startup, Higgsfield, founded by ex-Snap exec, lands $1.3B valuation 127

Amazon’s New World: Aeternum MMO will shut down next year

The Verge

Amazon’s New World: Aeternum MMO will shut down next year 118

The AI lab revolving door spins ever faster

TechCrunch

The AI lab revolving door spins ever faster 117

Iran's Internet Shutdown Is Now One of the Longest Ever

Slashdot

Iran's Internet Shutdown Is Now One of the Longest Ever 116

VentureBeat

How Google’s 'internal RL' could unlock long-horizon AI agents 116

Taiwan's semiconductor test solution sector set for rapid growth amid AI chip demand surge

Digitimes

Taiwan's semiconductor test solution sector set for rapid growth amid AI chip demand surge 115

TSMC sees no signs of the AI boom slowing for at least two or three years

The Register

TSMC sees no signs of the AI boom slowing for at least two or three years 111

PHP language still relevant, advocate insists

InfoWorld

PHP language still relevant, advocate insists 105

About Tech News Tube

Tech News Tube is a real time news feed of the latest technology news headlines.

Follow all of the top tech sites in one place, on the web or your mobile device.

Featured

German cops add Black Basta boss to EU…

German cops add Black Basta boss to EU most-wanted list

Grubhub says hackers stole company data…

Grubhub says hackers stole company data in recent breach - here's what we know

Code.org: Use AI In an Interview Without…

Code.org: Use AI In an Interview Without Our OK and You're Dead To Us

RondoDox botnet linked to large-scale…

RondoDox botnet linked to large-scale exploit of critical HPE OneView bug

US imposes 25% chip tariff under Section…

US imposes 25% chip tariff under Section 232, but Taiwan secures strategic…

Commentary: Taiwan-US form high-tech…

Commentary: Taiwan-US form high-tech strategic partnership to counter China's…

US cuts Taiwan tariffs to 15%, ties…

US cuts Taiwan tariffs to 15%, ties relief to US chip factory expansion

Meta has discontinued its metaverse for…

Meta has discontinued its metaverse for work, too

Kathleen Kennedy steps down as Lucasfilm…

Kathleen Kennedy steps down as Lucasfilm president, marking a new era for the…

OpenAI invests in brain-interface biz…

OpenAI invests in brain-interface biz co-founded by CEO Sam Altman