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    Home»Tech News»The Cryptocurrency Scam That Turned a Small Town Against Itself
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    The Cryptocurrency Scam That Turned a Small Town Against Itself

    The Daily FuseBy The Daily FuseFebruary 19, 2025No Comments3 Mins Read
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    Within the Wichita courtroom, Hanes supplied his solely public reflection on the financial institution collapse. Sporting a grey swimsuit, he walked as much as the lectern, glancing nervously at his former associates within the gallery. “I’m sorry,” he instructed the decide. Till the very finish, he defined, he thought he was concerned in a respectable enterprise deal. In January 2024, he instructed the courtroom, he made a futile try to recoup the misplaced cash, flying to Perth, Australia, the place a few of his nonexistent enterprise companions had supposedly been primarily based. He was in contact with them till the second he landed on the airport. However no bailout materialized. It was solely then, months after the financial institution shuttered, that he accepted he had been tricked. “I’ll perpetually battle understanding how I used to be duped,” Hanes mentioned. “I ought to have caught it, however I didn’t.”

    After Hanes completed talking, Decide Broomes rocked backward in his chair and turned to face the shareholders. “The very best factor for you is to forgive this man,” he mentioned. “Depart issues of retribution to me. That’s my job, and I’ll see that it’s accomplished.” He sentenced Hanes to 24 years and 5 months in jail, a punishment even higher than federal prosecutors had requested. A refrain of yeses echoed from the shareholders.

    Hanes’s shoulders slumped. As two U.S. marshals approached him, he undid his tie, slipped off his swimsuit jacket and emptied his pockets. Behind him, the shareholders went quiet. Hanes’ sister and considered one of his daughters clung to one another, their sobs breaking the silence. Hanes checked out them as soon as, shortly, earlier than the marshals handcuffed him and led him out of the room.

    Sooner or later final October, Tucker received a name from an investigator on the F.B.I. It was excellent news: Federal officers had recovered $8 million of the stolen funds, which had been hidden in an account stuffed with Tether, a preferred cryptocurrency. The stash was a small fraction of what Hanes stole, however it will be sufficient to reimburse the shareholders for practically all the cash that they had invested within the financial institution.

    The jubilation Tucker might need anticipated to really feel was tempered by disappointment. His father had been out and in of the hospital, and a physician warned that he had solely days left to reside. That evening, Tucker went to his father’s hospital room and shared what he had heard. Invoice Tucker blinked just a few occasions after which mentioned, “Oh, my.” He died every week later.



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