Former bank CEO ignored warnings that he was being scammed while tanking bank.
  • Shawdow194@fedia.io
    0·
    2 months ago

    “Many victims will never fully recoup losses to their life savings and retirement funds, but at least we at the Department of Justice can see that Hanes is held criminally responsible for his actions.”

    • teft@lemmy.worldEnglish
      0·
      2 months ago

      I would hope most people would be made whole through FDIC insurance. That’s 250k per depositor, per insured bank, for each account ownership category.