AriseBank Founders Slapped with a Fine

AriseBank Founders Slapped with a Fine

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.

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