11min chapter

Scam Inc from The Economist cover image

1. Pigs in a barrel

Scam Inc from The Economist

CHAPTER

The Fall of Heartland Tri-State Bank

This chapter reveals the alarming financial irregularities at Heartland Tri-State Bank, particularly involving a shocking $47.1 million transfer to a cryptocurrency exchange. As the board investigates these troubling developments, the long-trusted CEO faces serious allegations of misconduct, leading to confusion and dismay within the community. The narrative culminates in the bank's ultimate collapse, highlighting the severe repercussions for shareholders and the broader implications of online scams.

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