AriseBank CEO faces 120 years in jail for million-dollar scam

The CEO of blockchain startup AriseBank, Jared Rice, is facing up to 120 years in prison for a million-dollar scam.30 year-old Jared Rice was arrested by the FBI on the 28th of November, as announced by the U.S. Attorney’s Office of the Northern District of Texas. He was charged for defrauding hundreds of investors out of over $4 million. The money was used for private luxuries such as hotels, food and clothes.
But that was not it – the CEO has a number of convictions on his back. Ri