Here the bank CEO was being scammed and allegedly embezzled: https://www.bloomberg.com/news/articles/2024-02-13/-pig-butchered-bank-drew-21-million-from-fhlb-b

Here the bank CEO was being scammed and allegedly embezzled: https://www.bloomberg.com/news/articles/2024-02-13/-pig-butchered-bank-drew-21-million-from-fhlb-before-collapse https://www.bloomberg.com/news/articles/2024-02-13/-pig-butc... Prospect theory predicts people are more likely to gamble to prevent a sure loss.