A kansas banker who piloted millions of his small town in 2023, who sparked his collapse, lost a large part of the money for cryptography crooks abroad targeted in a bust of the Record Doj, according to a complaint filed on Wednesday.
The prosecutors filed a civil confiscation action targeting more than $ 225 million in the bleached USDT, part of a butcher’s scam with a links with a Call Call of the Philippines which took the absence of Shan Hanes, the former disgraced CEO who diverted 47 million dollars of Heartland Tri-State Bank, a Theft which was directly attributed to the lending lender agricultural in 2023.
According to the complaint of the Ministry of Justice, OKX, an exchange of crypto, provided key information which helped to identify a complex network of accounts with the exchange used to whiten the product of cryptography.
The crooks have whitened funds by first asking the victims to send the USDT to 93 addresses of deposit controlled by the ESCAM. From there, the funds were sent to 100 intermediate portfolios in a process designed to obscure the source of funds and mix deposits of several victims, according to the complaint.
These whitewashed funds were then channeled in 22 primary OKX accounts and moved away from 122 additional OKX accounts, all linked by shared IP addresses, reused KYC documents and a behavior coordinated with the allegedly retraced to a compound in Manila based, which the complaint appoints Itechno Specialist Inc.
In total, the DoJ indicates that around 3 billion dollars in volume of transactions were generated by this laundering network.
The greatest victims
In total, the DoJ said that there were 434 victims and identified 60 who lost 19.4 million dollars combined.
The largest of these victims was hanes, the GM identifying $ 3.3 million from the $ 47 million he diverted in this crisis.
Hanes diverted money between May 30, 2023 and July 7, 2023, according to the complaint of the DoJ and the report of the Federal Reserve on the collapse of Heartland Tri-State Bank, one of the banks to collapse following the American banking crisis 2023.
During this six-week period, Hanes launched 10 metal transfers totaling approximately $ 47.1 million from Heartland Tri-State Bank, a small community lender focused on agricultural loans, to a cryptographic portfolio he controlled.
These cable transfers have occurred between periods of quarterly regulatory reports from the bank, allowing the activity to be initially unteashed.
At the time, Heartland was well capitalized with $ 13.7 million in capital and $ 139 million in assets, but Hanes shares exhausted its liquidity, sparked $ 21 million in emergency loans and left the bank with a capital hole of $ 35 million, forcing regulators to close it in July 2023.
According to previous CNBC reports, Hanes also stole $ 40,000 at Elkhart church in Christ, $ 10,000 at the Santa Fe Investment Club, $ 60,000 at the College fund of his daughter and liquidated nearly a million dollars in shares of a company called Elkhart Financial to send to pigs of pigs.
He was sentenced to 24 years in prison in August 2024.
The Doj’s complaint called him both as an author and a victim.
Crypto seized which will probably feed the storage
The crypto seized by the American government, as in this case, is likely to be reserved for a stock not yet established by President Donald Trump.
Bitcoin
The reserve and the stock of other cryptocurrencies have not yet been officially established, but the Treasury Department led an audit of government communities on digital assets to determine what must be gathered.
Once established, the Crypto Holdings in the long term will probably put the bitcoin seized in one fund and other types of token in another.
The assets in this case seem to be in large quantities of the USDT, according to the file. We do not know which funds could possibly be returned to the victims, because only a relatively low percentage of people directly injured has been identified.
