Crypto AriseCoin Creator Pleads Guilty to $4.2 Million Securities Fraud

Arisecoin, Arisebank

An ICO fraud case has concluded with a guilty plea. Jared Rice Sr., the former CEO of decentralized bank startup AriseBank and creator of the AriseCoin, has pleaded guilty to cheating investors out of $4.2 million in a crypto scam reportedly guaranteeing double-digit returns. The announcement was made by U.S. Attorney for the Northern District … Read more

Dallas Crypto Startup Ordered to Repay Investors $2.7 Million on Defrauding Charges

The Dallas-based crypto startup AriseBank has been ordered to repay investors to the tune of $2.7 million to fix allegations that the firm was defrauding their investors. Authorities have finally put an end to the ongoing AriseBank saga that has been hanging over the heads of the startup’s founders Stanley Ford and Jared Rice for … Read more

SEC Halts ICO for Fraud ‘Decentralized Bank’ Endorsed by Boxing Legend

SEC Bitcoin ETF

The US Securities and Exchange Commission (SEC) filed charges against another initial coin offering (ICO) last week, arguing that AriseBank not only violated securities regulations but also made false statements to investors. The charges, which the SEC filed against the Texas-based AriseBank on Jan. 25, alleging that the firm and its co-founders, Jared Rice Sr. … Read more