David Marchese

The target is offered an investment opportunity, often backed up by a fraudulent website masquerading as an actual crypto business or an app that displays fake profits on fake account statements. Eventually, the scams all end the same way. The money disappears. After draining his personal savings, Haynes began stealing from his local investment club, from his church, and finally from the bank.

The target is offered an investment opportunity, often backed up by a fraudulent website masquerading as an actual crypto business or an app that displays fake profits on fake account statements. Eventually, the scams all end the same way. The money disappears. After draining his personal savings, Haynes began stealing from his local investment club, from his church, and finally from the bank.

Over a few weeks, he ordered a series of large wire transfers, telling his bewildered colleagues that he was helping a client In May 2023, Haynes transferred $3 million from Heartland to an account at a company called Kraken, which offers trading in digital currencies.

Over a few weeks, he ordered a series of large wire transfers, telling his bewildered colleagues that he was helping a client In May 2023, Haynes transferred $3 million from Heartland to an account at a company called Kraken, which offers trading in digital currencies.

To buy more crypto, he directed Heartland to borrow about $21 million from a network of regional lenders and siphoned a similar amount using a credit line that the bank maintained with another institution. Over four weeks in June, Haynes sent $31 million of the embezzled funds to his Kraken account.

To buy more crypto, he directed Heartland to borrow about $21 million from a network of regional lenders and siphoned a similar amount using a credit line that the bank maintained with another institution. Over four weeks in June, Haynes sent $31 million of the embezzled funds to his Kraken account.

Later, as his friends and colleagues sorted through the wreckage, Haynes would be called a thief, a liar, and pure evil. But his lawyer eventually put it differently. He was the pig that was butchered. On July 5th, 2023, not long before Heartland's board meeting, Haynes sent a text to a farmer in Elkhart named Brian Mitchell. He needed Mitchell's help with something.

Later, as his friends and colleagues sorted through the wreckage, Haynes would be called a thief, a liar, and pure evil. But his lawyer eventually put it differently. He was the pig that was butchered. On July 5th, 2023, not long before Heartland's board meeting, Haynes sent a text to a farmer in Elkhart named Brian Mitchell. He needed Mitchell's help with something.

Mitchell didn't have any role at the bank, but he was used to fielding requests from friends in town. With a diamond stud in one ear, Mitchell stood out among the other farmers. He was one of the most successful people in Elkhart, a veteran businessman who owned a regional chain of movie theaters, including one a block from Heartland.

Mitchell didn't have any role at the bank, but he was used to fielding requests from friends in town. With a diamond stud in one ear, Mitchell stood out among the other farmers. He was one of the most successful people in Elkhart, a veteran businessman who owned a regional chain of movie theaters, including one a block from Heartland.

When Mitchell walked into the bank that morning, he wasn't sure what to expect. Haynes was a longtime friend and neighbor. Their children had grown up across the street from each other. Maybe he wanted advice about a medical problem. But what Haynes actually wanted was $12 million. Immediately. It was surreal, Mitchell recalled. Like, okay, am I in a loan office in Elkhart, Kansas?

When Mitchell walked into the bank that morning, he wasn't sure what to expect. Haynes was a longtime friend and neighbor. Their children had grown up across the street from each other. Maybe he wanted advice about a medical problem. But what Haynes actually wanted was $12 million. Immediately. It was surreal, Mitchell recalled. Like, okay, am I in a loan office in Elkhart, Kansas?

Or am I in a back alley in Chicago with a loan shark? Haynes told Mitchell a confusing story. Not long ago, Haynes explained, he started investing in cryptocurrencies with the help of some people he met online. First, he and his partners deposited money on a reputable U.S. platform for buying and selling crypto. The profits were enormous, he said.

Or am I in a back alley in Chicago with a loan shark? Haynes told Mitchell a confusing story. Not long ago, Haynes explained, he started investing in cryptocurrencies with the help of some people he met online. First, he and his partners deposited money on a reputable U.S. platform for buying and selling crypto. The profits were enormous, he said.

He took out his phone to show Mitchell his account balance, which seemed to indicate that the investment was worth $40 million. But a problem arose after Haynes and his partners moved the funds to a Hong Kong trading platform that charged lower fees, he told Mitchell. The money had somehow gotten stuck, and the only way to unfreeze it was to send more.

He took out his phone to show Mitchell his account balance, which seemed to indicate that the investment was worth $40 million. But a problem arose after Haynes and his partners moved the funds to a Hong Kong trading platform that charged lower fees, he told Mitchell. The money had somehow gotten stuck, and the only way to unfreeze it was to send more.

As he sat in Haynes' glass-walled office, Mitchell wondered what his friend had gotten himself into. Mitchell was not interested in sending $12 million to a mysterious crypto operation in Hong Kong. Go there, hire an interpreter, and get a cashier's check, he told Haynes. If you think you've got $40 million in an account, go get it. But Haynes seemed to have stopped listening.

As he sat in Haynes' glass-walled office, Mitchell wondered what his friend had gotten himself into. Mitchell was not interested in sending $12 million to a mysterious crypto operation in Hong Kong. Go there, hire an interpreter, and get a cashier's check, he told Haynes. If you think you've got $40 million in an account, go get it. But Haynes seemed to have stopped listening.

He was staring past Mitchell into the bank lobby, where his staff was arriving to start the day. He barely reacted when Mitchell offered his verdict. Shane, I think you're in a scam. Haynes was still in thrall to the people on the other end of his phone, whoever they were. That day, he sent a further $8 million to his crypto account. In a town as small as Elkhart, secrets rarely hold for long.

He was staring past Mitchell into the bank lobby, where his staff was arriving to start the day. He barely reacted when Mitchell offered his verdict. Shane, I think you're in a scam. Haynes was still in thrall to the people on the other end of his phone, whoever they were. That day, he sent a further $8 million to his crypto account. In a town as small as Elkhart, secrets rarely hold for long.