A sad story happened in Elkhart, Kansas. A trusted banker, Shan Hanes, stole $47.1 million from his neighbors! He used the money to buy cryptocurrency, a type of digital money. This caused a local bank to fail, hurting many people.
- Hanes was sentenced to over 24 years in prison.
- He tricked people into thinking he was investing their money wisely.
- The scam involved cryptocurrency, which is like digital cash.
- Many people in Elkhart lost their savings.
| Fact | Number |
|---|---|
| Money stolen | $47.1 million |
| Years in prison | 24+ |
| People in Elkhart | ~1900 |
| Money recovered | $8 million (so far) |
