"It's life-changing," said Bart Camilli, 70, who with his wife Cleo had just learned they'd recover close to $450,000 - money Bart began saving at 18 when he bought his first individual retirement account. "I just can't describe the weight lifted off of us."
Hanes' Heartland Tri-State Bank, drained of cash, was shut down by federal regulators and sold to another financial institution. Customers' savings and checking accounts amounting to $47.1 million were insured by the Federal Deposit Insurance Corp., which paid off their losses.
The FBI recovered the funds from a cryptocurrency account held by Tether Ltd. in the Cayman Islands, leading to cheers of relief from the shareholders in the courtroom.
During an earlier sentencing hearing, these victims had called Hanes a 'deceitful cheat and a liar,' and 'pure evil.'
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