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Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse

https://arstechnica.com/tech-policy/2024/08/ex-bank-ceo-gets-24-years-after-falling-for-crypto-scam-causing-bank-collapse/

Former bank CEO ignored warnings that he was being scammed while tanking bank.

2 comments

tiramichu

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He didn't get jail time for falling for a scam, he got jail time for stealing people's money.

Alphane_Moon

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Funny how low-level crooks get hammered hard when they get caught, but you never hear of big fish running more sophisticated schemes (like those American bank executives who ordered their unit to make fake client accounts without their permission to hit some KPI bonus) getting even a slap on wrist.