Two top executives of AriseBank were ordered to pay nearly $2.7 million as fine by US federal court. Its CEO Jared Rice was arrested by the FBI on charges of defrauding investors by offering fraudulent Initial Coin Offering (ICO) with a fake promise. He and co-founder Stanley Ford each agreed to pay US$185,000.
AriseBank Founders Slapped with a FineIncryptsDec 13, 20180
Feb 18, 2020