“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.”
Can someone explain how they lost this money if the FDIC covered the missing $44M?
Can someone explain how they lost this money if the FDIC covered the missing $44M?
I think it has something to do with deposits vs investments.
FDIC only covers up to $250,000 per account. So if more than that were stolen from a single account…
Gotta have lots of accounts. Like Minecraft chests. All lined up. 250k each.