A former bank CEO, Shan Hanes, was sentenced to 24 years in prison for embezzling $47.1 million from Heartland Tri-State Bank in a ‘pig butchering’ scam. Hanes fell victim to the scheme, initially investing his own money and then escalating to stealing from local organizations and his daughter’s college fund. The scam involved gaining the victim’s trust through a fabricated relationship and then presenting a fake business opportunity, leading to significant financial losses.