FBI Arrests AriseBank CEO for $4 Million Crypto-Related Fraud

The U.S. Attorney for the Northern District of Texas has announced that the CEO of AriseBank was arrested by the FBI on Wednesday over more than $4 million crypto-related fraud.
AriseBank CEO Jared Rice Faces up to 120 Years in Federal Prison, Says U.S. Attorney
Jared Rice, a 30-year old resident from Dallas, Texas, allegedly duped hundreds of investors by claiming that AriseBank would be the world’s “first decentralized banking platform” based on a proprietary digital currency