A simple WhatsApp message saw trusted businessman bring tiny town to its knees and lose $47M of residents' cash
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A simple WhatsApp message saw trusted businessman bring tiny town to its knees and lose $47M of residents' cash
A tight-knit Kansas community abruptly collapsed after an 'upstanding' man, whom residents had trusted for decades, became intertwined in a cryptocurrency scam and lost $47million of his own neighbors savings. Shan Hanes, 53, was sentenced to 24 years and five months behind bars in August 2024 for embezzling $47.1million to purchase crypto - an act that led to the demise of a respected bank and the destruction of the long-time trust built within the small town of Elkhart.
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