The SEC has shut down another ICO — this time an alleged $600 million scam in Texas

The US Securities and Exchange Commission said on Tuesday it has shut down an alleged initial coin offering scam by AriseBank.
AriseBank which is not registered with any banking or securities regulators, appears to have fabricated agreements with banks that do not exist. The United States’ top securities regulator has shut down an initial coin offering by AriseBank in Dallas, Texas.
AriseBank allegedly used celebrity endorsers — including boxer Evander Holyfield — and soci