n nn nn Jared Rice Sr., CEO of the Dallas-based bank AriseBank, was arrested by the Federal Bureau of Investigation FBI on Wednesday, November 28, 2018, and charged with six counts of securities fraud and wire fraud. Rice is accused of scamming investors out of more than $4 million through a cryptocurrency scam that promised federally insured accounts and brand-name credit cards.Earlier this year, the U.S. Securities and Exchange Commissions SECs regional office i

Source and More information: AriseBank CEO Charged in $4 Million Alleged ICO Scam

Author: CryptScout.com