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Leaders to discuss climate change finance at British-Irish Council summitSTROBEL: ‘Know what? I love my life’AIR FORCE 82, MERCYHURST 48
Who are the complainants trying to have Vice President Sara Duterte impeached?Vanguard S&P Mid-Cap 400 Growth ETF ( NYSEARCA:IVOG – Get Free Report ) saw an uptick in trading volume on Thursday . 24,214 shares changed hands during trading, a decline of 10% from the previous session’s volume of 26,987 shares.The stock last traded at $114.53 and had previously closed at $114.65. Vanguard S&P Mid-Cap 400 Growth ETF Trading Down 0.9 % The company’s fifty day simple moving average is $118.22 and its 200 day simple moving average is $113.93. The firm has a market capitalization of $1.03 billion, a P/E ratio of 9.25 and a beta of 1.07. Institutional Trading of Vanguard S&P Mid-Cap 400 Growth ETF Institutional investors and hedge funds have recently bought and sold shares of the stock. Bristlecone Advisors LLC bought a new position in Vanguard S&P Mid-Cap 400 Growth ETF in the third quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in shares of Vanguard S&P Mid-Cap 400 Growth ETF in the 3rd quarter worth about $35,000. International Assets Investment Management LLC purchased a new position in Vanguard S&P Mid-Cap 400 Growth ETF during the 2nd quarter valued at about $151,000. Kiely Wealth Advisory Group Inc. boosted its stake in Vanguard S&P Mid-Cap 400 Growth ETF by 61.0% during the second quarter. Kiely Wealth Advisory Group Inc. now owns 1,586 shares of the company’s stock worth $171,000 after acquiring an additional 601 shares in the last quarter. Finally, BCGM Wealth Management LLC purchased a new stake in Vanguard S&P Mid-Cap 400 Growth ETF in the third quarter worth about $201,000. Vanguard S&P Mid-Cap 400 Growth ETF Company Profile The Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) is an exchange-traded fund that is based on the S&P Mid Cap 400 Growth index, a market-cap-weighted index of growth companies curated from the S&P 400. IVOG was launched on Sep 9, 2010 and is managed by Vanguard. Featured Articles Receive News & Ratings for Vanguard S&P Mid-Cap 400 Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard S&P Mid-Cap 400 Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter .
Semler Scientific (NASDAQ:SMLR) Trading Down 3.1% – Time to Sell?
It wasn’t the ending Argentine football fans had in mind when the Monumental stadium was chosen as the venue for the final match of the 2024 Copa Libertadores. Despite high hopes for some local representatives, two Brazilian teams ended up in the final game of South America’s most important tournament. Nonetheless, Buenos Aires woke up dressed in black and white on Saturday, the traditional colors of Botafogo and Atlético Minerio as the two teams faced off to see who would emerge victorious. The crowning event of South American football was played in a stadium packed with Brazilian fans who saw Botafogo reach the pinnacle of its history by beating Atlético Mineiro 2-0 to claim its first ever Copa Libertadores. The day Buenos Aires dressed in black and white Many of the over 40,000 Brazilians who arrived in the city spent several days experiencing the Argentine capital before the match. In their saying, Buenos Aires gets high marks for its culture and sights. “It’s a city with a great architecture, very beautiful, and with a lot of personality,” Mineiro fan Mario S. told the Herald, adding that the people were very kind. He travelled from his native Belo Horizonte to Buenos Aires to witness his first ever Copa Libertadores final, having previously missed his team’s first appearance in 2013. The trip, however, was not all good news. Several of the Brazilian tourists complained about Buenos Aires’ prices in restaurants and cafés. On Thursday, a Botafogo fan shared his amazement over paying 114 reais (around US$20) for a quick snack of a coffee and a piece of cheesecake. Organizers Conmebol had the challenge of creating a Buenos Aires final with no Argentine representatives, making the host city stand out amid the colorful Brazilian footballing culture. Despite being held at one of the Argentine capital’s premiere footballing venues, the match failed to captivate the interest of local fans, with few neutrals in the stands. The opening ceremony paid tribute to Buenos Aires’ tango culture, with an accordion version of the Copa Libertadores anthem. The rest, however, focused on the regional and cultural differences between both sets of fans. Brazilian rapper Djonga fired up Mineiro fans, while host and humorist Marcelo Adnet did the same for the Botafogo crowd. Botafogo fans, who completed their section of the Monumental and even filled up their own Nilton Santos stadium back home with fans attending to watch the broadcast, showed up with an impressive tifo, a huge mosaic of the club’s flag done holding colored paper pieces. But it was the Mineiro fans who proved the noisier crowd early on, with deafening cheers when their team was introduced. A game of two halves Much of the game was marked by the minute-one sending off of Botafogo midfielder Gregore da Silva, who just 29 seconds in put his studs into Mineiro’s Fausto Vera. ¡¡ROJA EN BOTAFOGO AL MINUTO DE JUEGO!! 📺 Mirá la final de la CONMEBOL #Libertadores por #DisneyPlus Premium pic.twitter.com/L3cgyejwoI At a disadvantage so early on, Botafogo looked to defend deep and use the speed of its attackers to counter. Mineiro kept possession of the ball, but was unable to break down the defence. Despite being one man down, Botafogo managed to hit first. In the 35th minute, striker Luiz Henrique da Silva took advantage of a poor rejection from a shot to slot it in from inside the six yard box. ¡¡BOTAFOGO LO GANA CON UNO MENOS!! Almada conducción: definió Luiz Henrique en River para el 1-0 ante Atlético Mineiro. 📺 Mirá la final de la CONMEBOL #Libertadores por #DisneyPlus Premium pic.twitter.com/d000yjEhXc The goal seemed to shock Mineiro’s players, who allowed their rivals to take control of the game. Nine minutes after the first goal, goalkeeper Everson Pires went out to pick up a loose ball and ended up clipping attacker Luiz Henrique while defender Guilherme Arana was trying to fend him off. After a VAR review, referee Facundo Tello gave a penalty and defender Alex Telles secured the 2-0. Atlético Mineiro came out of half time determined to make its numbers advantage count, and quickly got one back. In the 46th minute, substitute striker Eduardo Vargas scored a header from a Hulk da Souza corner for 2-1. ¡¡TURBOMAN!! Edu Vargas ingresó y marcó el descuento de Atlético Mineiro, que cae 2-1 ante Botafogo. 📺 Mirá la final de la CONMEBOL #Libertadores por #DisneyPlus Premium pic.twitter.com/E2YkQyhAEI The goal fired up Mineiro, and its players started creating big chances. In the 63rd minute, Hulk received the ball on the right and darted left past his defender for a shot, forcing a great save by goalkeeper John Victor. Vargas went from hero to villain late in the second half. After scoring Mineiro’s first goal, he went on to miss two clear chances to tie the game. He sent a point blank chance over the bar in the 85th minute, then tried to chip John Victor two minutes later. In the final minute of added time, Botafogo landed the winning blow. ¡¡3-1 Y BOTAFOGO CAMPEÓN DE AMÉRICA!! 📺 Mirá la final de la CONMEBOL #Libertadores por #DisneyPlus Premium pic.twitter.com/PYkQHyb6a0 With Mineiro all in to tie the game, striker Júnior Santos dribbled past two defenders and then picked up the rebound from his cross to make it 3-1 and seal the deal. “Today was one of the biggest games in my life,” Qatar 2022-winner with the Argentina national team and Botafogo striker Thiago Almada said after the game. “We’ll celebrate with our family, our friends and our fans.” “I think we were the best team of the Libertadores. No rival bested us in the whole tournament, and I think we’re deserving winners. Today we were one man short and we played an intelligent game, showing our character.” Botafogo’s first Copa Libertadores is only the second international title the team has one after the 1993 Copa Conmebol. It became the last of Brazil’s big 12 teams to win the competition, and sealed its ticket to the 2025 FIFA Club World Cup.Eddie Howe makes Alexander Isak claim amid interest in red-hot Newcastle starMicrochip Technology Inc. stock falls Thursday, underperforms market
Exciting times for AI enthusiasts: a new project -Ozak AI - recently announced the launch of its presale of its very own $OZ token, which’ll power its decentralized financial platform. The presale offers early participants the chance to purchase $OZ tokens at a starting price of $0.001, with a target price of $1. With AI in finance expected to boom at a whopping 28% CAGR between 2024 and 2032, now may be a great time to become a $OZ token holder. What You Get From The Ozak AI Token Presale 1. Early Access to Tokens: Secure $OZ tokens at a highly discounted rate before their value rises as demand grows. 2. A Chance to Win Big: Participate in the $1 million giveaway for a chance to become one of 100 lucky winners, each receiving a share of the prize. To enter, simply hold at least $100 worth of $OZ tokens. 3. Advanced AI Financial Insights: Gain access to Ozak's financial models designed to help you predict market trends, anticipate price movements, and manage risks more effectively. 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NEW YORK , Dec. 5, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global green data center (GDC) market size is estimated to grow by USD 202.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 27.17% during the forecast period. Increase in electricity consumption and cost is driving market growth, with a trend towards increased use of dcim and automation. However, cost of building green data center poses a challenge. Key market players include ABB Ltd., Carrier Global Corp., Cisco Systems Inc., CommScope Holding Co. Inc., Dell Technologies Inc., Delta Electronics Inc., Eaton Corp. Plc, Fujitsu Ltd., Green Revolution Cooling Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Modine Manufacturing Co., Panduit Corp., Rittal GmbH and Co. KG, Schneider Electric SE, Siemens AG, STULZ GmbH, Sunbird Inc., and Vertiv Holdings Co.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Component (IT infrastructure, Power solutions, General construction, Cooling solutions, and Monitoring and management), End-user (BFSI, Energy, IT and telecom, and Others), and Geography (Europe, North America, APAC, South America, and Middle East and Africa) Region Covered Europe, North America, APAC, South America, and Middle East and Africa Key companies profiled ABB Ltd., Carrier Global Corp., Cisco Systems Inc., CommScope Holding Co. Inc., Dell Technologies Inc., Delta Electronics Inc., Eaton Corp. Plc, Fujitsu Ltd., Green Revolution Cooling Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Modine Manufacturing Co., Panduit Corp., Rittal GmbH and Co. KG, Schneider Electric SE, Siemens AG, STULZ GmbH, Sunbird Inc., and Vertiv Holdings Co. Key Market Trends Fueling Growth The Green Data Center (GDC) market is thriving as businesses prioritize energy efficiency and environmental stewardship. GDCs use energy-efficient components like Uninterruptible Power Supply (UPS) and cooling systems in ECO mode or Active Standby. AI and ML enable predictive modeling and thermal optimization, while Eco-friendly solutions include renewable energy integration and hardware innovations. Media and entertainment, OTT platforms, and large data centers drive CapEx in GDCs. Cloud computing's green initiatives offer energy-efficient data processing and storage. Digital transformation, environmental regulations, and tax benefits push corporations towards net carbon neutrality. Renewable energy sources like solar panels, wind turbines, and hydroelectric plants power GDCs. Virtualization, intelligent cooling systems, and power management reduce carbon footprint. Consultation services and monitoring systems help businesses navigate this transition. Large enterprises embrace CSR, risk management, and 5G technology. Big data analytics, IoT, healthcare, e-commerce, and colocation providers join the movement towards energy-efficient solutions. Greenhouse gas emissions are minimized through resource management and power systems. Networking systems and colocation data centers adopt renewable energy integration and modular infrastructure. Environmental laws mandate carbon emissions reduction, driving the demand for green data center solutions. Data Center Infrastructure Management (DCIM) software is a crucial tool for managing modern data center facilities. This software enables remote monitoring of various aspects of the data center, including temperature, humidity, and power consumption. Vendors in the Green Data Center (GDC) market offer advanced DCIM systems, which come with higher Capital Expenditure (CAPEX) compared to traditional systems. The importance of energy efficiency and reducing carbon emissions has made DCIM a necessary investment for data center operators. Colocation data center providers are particularly focusing on integrating advanced DCIM systems to effectively manage their facilities and ensure optimal energy usage. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This green data center (gdc) market report extensively covers market segmentation by 1.1 IT infrastructure- The digital transformation of businesses is driving the adoption of cloud services among small and medium enterprises (SMEs), with 90% expected to operate through cloud storage by 2025. Cloud computing requires substantial computational power but offers flexible, scalable, and efficient business operations. This has led to an increase in data center construction worldwide. Virtualization, a key enabler, has increased IT infrastructure usage in data centers while reducing energy consumption. For instance, Supermicro's MicroBlade systems helped Fortune 100 companies achieve energy efficiency of around 90%. Data center consolidation projects have also reduced server usage, while Open Compute Projects optimize infrastructure for workload and energy consumption. Techniques like direct-to-chip cooling and liquid-immersion cooling have significantly reduced cooling needs. In storage, replacing HDDs with SSDs and virtual networking applications have lowered power consumption. Vendors like Dell, HPE, Cisco, Huawei, Lenovo, and IBM offer energy-efficient, density-optimized infrastructures. Innovations in energy-efficient IT infrastructure will continue to fuel the growth of the global green data center market during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis Green Data Centers (GDCs) are advanced computing facilities designed to minimize energy consumption and reduce carbon footprint. They utilize energy-efficient components such as Uninterruptible Power Supplies (UPS) and cooling systems in ECO mode or Active Standby, which save energy by optimizing power usage. Machine Learning and Artificial Intelligence are integrated for cooling power management, enhancing energy efficiency. GDCs comply with Environmental Regulations and offer tax benefits for net carbon neutrality. Renewable Energy integration is a key feature, making GDCs eco-friendly and reducing carbon emissions. Digital Services, IoT, Healthcare, E-commerce, and various industries benefit from GDCs' energy-efficient solutions. Cooling Technologies and Renewable Energy are integral to GDC infrastructure, with modular designs allowing for scalability and flexibility. The integration of digital transformation and carbon footprint reduction is essential for businesses aiming for a sustainable future. Market Research Overview The Green Data Center (GDC) market is witnessing significant growth due to the increasing demand for energy-efficient components in data centers. GDCs utilize Uninterruptible Power Supply (UPS) systems, cooling systems with ECO mode, Active Standby, and Economy mode for power efficiency. Artificial Intelligence (AI) and Machine Learning (ML) are used for predictive modeling and thermal optimization. Energy efficiency is a top priority with the integration of renewable energy sources like Solar Panels, Wind Turbines, and Hydroelectric Plants. Large data centers in media and entertainment, OTT platforms, and content delivery require green initiatives for Capital Expenditure reduction and Net Carbon Neutrality. Greenhouse Gas Emissions are minimized through hardware and software innovations, virtualization, and intelligent cooling systems. Consultation services, monitoring systems, and colocation providers offer eco-friendly solutions for large enterprises focusing on Corporate Social Responsibility, Risk Management, and Digital Transformation. Environmental Regulations and tax benefits drive the adoption of GDCs in various industries, including 5G Technology, Big Data Analytics, Healthcare, E-commerce, and IoT. Renewable Energy Integration, Modular Infrastructure, and Power Management are essential components of GDCs, reducing Carbon Emissions and adhering to Environmental Laws. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/green-data-center-gdc-market-to-grow-by-usd-202-4-billion-from-2024-2028--driven-by-rising-electricity-costs-and-ai-redefining-the-market-landscape---technavio-302322461.html SOURCE TechnavioKeyCorp stock underperforms Thursday when compared to competitorsCHENNAI: BJP state president K Annamalai on Saturday justified his whip protest, saying it was his primal anger against Anna University rape incident that resulted in the protest. Annamalai was on his way to Delhi to participate in a meeting of state BJP presidents. Speaking to reporters at Chennai airport, Annamalai said, “Don't see the protest politically. Considering myself as the brother of the victim, I did this protest out of my primal anger.” He said, “I was angry because the system failed. Police were not straightforward, and the FIR got leaked. BJP functionaries led by (former Telangana governor) Tamilisai Soundararajan protested in Chennai but were arrested, and henceforth I had to undertake the protest.” The BJP state president welcomed the decision of Madras high court regarding the constitution of a special investigation team comprising three women police officers to investigate the Anna University rape case . Stay updated with the latest news on Times of India . Don't miss yearly career horoscopes 2025 for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Elon Musk wrote a message on Friday to those who want to end the H1-B visa program: “F**k yourself in the face.” Siriam Krishnan’s appointment as a senior policy adviser for artificial intelligence in the White House Office of Science and Technology Policy sparked a widespread debate over the H1-B visa program. Conservatives have slammed the program as “abusive” and said it is designed to undercut wages of white-collar Americans. Vivek Ramaswamy supercharged the debate when he claimed that America “has venerated mediocrity over excellence.” Musk is a vehement supporter of the H1-B visa program. One X user on Friday stated, “Let’s optimize H1-B,” a reference to Musk’s belief that things that should not exist should not be optimized. “The reason I’m in America along with so many critical people who built SpaceX, Tesla and hundreds of other companies that made America strong is because of H1B,” Musk raged in response to the X user. “Take a big step back and FUCK YOURSELF in the face. I will go to war on this issue the likes of which you cannot possibly comprehend.” The foul-mouthed command is a paraphrase of a line from the 2008 comedy film Tropic Thunder. This is not the first incendiary comment Musk has made during the contentious online debate about the H1-B visa. He accused many users who are critical of the visa program of racism and said that these “contemptible fools” must be removed from the Republican Party, although he later emphasized that he was specifically referring to the “hateful, unrepentant racists”: “They will absolutely be the downfall of the Republican Party if they are not removed,” he added. A Rasmussen Reports poll found that 60 percent of likely American voters believe the country does not need more foreign H1-B visa workers to fill white-collar jobs. Breitbart News has long reported the countless incidents where white-collar Americans are laid off and forced to train their foreign replacements. Not all of those in the world of technology agree with Musk’s pro-H1-B visa stance: Nicole Shanahan, Robert F. Kennedy Jr.’s running mate in 2024, is staunchly critical of the program. On Thursday, she said that the visa program delivers “massive breaks” for cheap labor for tech companies, and those with the visas are essentially ‘indentured servants’ for big tech”: Sean Moran is a policy reporter for Breitbart News. Follow him on X @SeanMoran3 .The Chanticleers evened their season record at 6-6 with the win and finished 3-5 in the Sun Belt East. The loss leaves Georgia State (3-9) with just one win in eight conference games. Vasko threw 10 yards to Senika McKie for the game's first score midway through the first quarter, but the Panthers got a Liam Rickman 28-yard field goal and a 19-yard touchdown run by Freddie Brock to take a 10-7 second-quarter lead. Vasko threw his second TD pass, this one a five-yard strike to Zach Courtney to take the lead and Kade Hensley booted a 43-yard field goal as time expired to put Coastal Carolina up 17-10 at halftime. Christian Washington ran 18-yards for a touchdown to open up a 24-10 lead four minutes into the third quarter. Vasko hit McKie for their second touchdown, this one from 31-yards out and Vasko ran 10 yards for a fourth-quarter touchdown to make it 38-10 with under 10 minutes to play. Vasko was 13 of 17 passing for 200 yards and carried 13 times for another 68. Washington carried 20 times for 124 yards. McKie caught five passes for 81 yards Georgia State amassed 428 yards of offense, but the Panthers turned the ball over six times. Christian Veilleux completed 15 of 26 passes for 205 yards but was picked off four times and fumbled. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
Legislature plans to increase experience for new lawmakers ahead of term-limit turnoverNone
A first innings tie as Heenatigala scores back-to-back half centuriesWICHITA, KANSAS (AP) — Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money. Read this article for free: Already have an account? To continue reading, please subscribe: * WICHITA, KANSAS (AP) — Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money. Read unlimited articles for free today: Already have an account? WICHITA, KANSAS (AP) — Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money. “I just can’t describe the weight lifted off of us,” 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. “It’s life-changing.” In August, former Kansas bank CEO Shan Hanes was sentenced to 24 years after stealing $47 million from customer accounts and wiring the money to cryptocurrency accounts run by scammers. Prosecutors said Hanes also stole $40,000 from his church, $10,000 from an investment club and $60,000 from his daughter’s college fund and lost $1.1 million of his own in the scheme. Deposits were “jettisoned into the ether,” said prosecutor Aaron Smith. 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. But there were still 30 shareholders of the community-owned rural bank Hanes helped found — including his close family friends and neighbors — who thought they lost $8.3 million in investments: well-planned retirements were upended, funds for long-term eldercare gone, education funds and bequests for children and grandchildren zeroed out. On Monday the shareholders stood to cheer federal Judge John W. Broomes in Wichita after he told them, one at a time, that they’d be paid back in full. The FBI recovered the funds from a cryptocurrency account held by Tether Ltd. During an earlier sentencing hearing, these victims had called Hanes a “deceitful cheat and a liar,” and “pure evil.” Margaret Grice came to court Monday figuring she’d get $1,000 back. Instead, she learned she’d be recovering almost $250,000, her entire 401(k). “I’m just really thrilled,” she said. “I can breathe.” Prosecutors said Hanes, who was the CEO of Heartland Tri-State Bank in Elkhart, Kansas, lost the money in a scam referred to as “pig butchering,” or the way pigs are fattened before slaughter. In the scam, a third party gains a victims’ trust and, over time, convinces them to invest all of their money into cryptocurrency, which immediately disappears. U.S. and U.N. officials say these schemes are proliferating, with scammers largely in Southeast Asia increasingly taking advantage of Americans. Hanes started buying what he thought was $5,000 in cryptocurrency in late 2022, communicating with someone who had reached out on WhatsApp, according to court records. A few months later he transferred over his church and investment club funds. Records show the scam accelerated in the summer of 2023, when Hanes wired $47.1 million out of customer accounts in 11 wire transfers over just eight weeks. Each transfer, he thought, was necessary to end the investment and cash out, court records said. He watched, on a fake website, as the money appeared to grow to more than $200 million. “He was to take some of the money, and the rest of the money was supposed to go back to the bank,” his attorney John Stang explained. “Now it’s fiction, it didn’t exist. We all know that now ... It failed big time.” Hanes, who was not in court Monday, apologized at an earlier sentencing hearing. “From the deepest depth of my soul, I had no intention of ever causing the harm that I did,” he said. ”I’ll forever struggle to understand how I was duped and how what I thought was just getting the money back was making it worse.” Prosecutors said Hanes wasn’t just the victim of a scam, he crossed a line when he began taking customers’ money and violating banking regulations. He pleaded guilty to embezzlement by a bank officer in May. His prominent standing in his hometown of 2,000 made it easier for him to get away with it, a Federal Reserve System investigation found; he had been on the school board, volunteered as a swim meet official, and served on the Kansas Bankers Association. He also was a banking leader beyond his rural community. In recent years, he testified to Congressional committees about the importance of local banks in farming communities, and he served as a director for the American Bankers Association, which represents almost all banking assets in the U.S. On Monday, prosecutors said the FDIC wanted to be paid back for the insurance claims it reimbursed to bank customers. But Judge Broomes said the economic circumstances of shareholders “who became insolvent because of a fraud scheme” justified paying them back first, before the FDIC recovers anything. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Hanes, 53, may be in his late 70s when he is released and is unlikely to be able to pay the FDIC the $47.1 million still owed. In a court filing, Hanes and his attorney tried to explain what had happened. “Mr. Hanes made some very bad choices after being caught up in an extremely well-run cryptocurrency scam,” they said. “He was the pig that was butchered.” ___ This story was first published on Nov. 4, 2024. It was updated on Nov. 22, 2024, to make clear that the U.S. attorney’s office said it is not asserting that the cryptocurrency account from which the FBI recovered the funds had ties to any specific location or country. Advertisement Advertisement