Thousands of people are learning that money they squirreled away in health savings accounts is gone. Many thought the money was sitting safely in banks. But now it appears it was stolen.
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The Nestruds called Shawnee Administrative Services, the company that managed their HSA. That’s when they learned that another company that processed transactions for Shawnee was in trouble: Canopy Financial’s co-founder had been arrested and money was missing from HSAs.