by The Medianistas | Nov 29, 2018 | Find the Fraud
AriseBank CEO Jared Rice, Sr. faces a heavy prison term. He was arrested by the FBI on Wednesday and charged with defrauding hundreds of investors in a cryptocurrency scheme. Rice, who is also the subject of a civil action filed by the SEC’s Fort Worth regional office...
by The Medianistas | Mar 13, 2018 | Advertising & Marketing
Law360 (March 12, 2018, 6:31 PM EDT) — A Texas federal judge on Friday extended an asset freeze and other emergency measures put in place earlier this year for AriseBank and its top executives after the U.S. Securities and Exchange Commission accused them of...
by The Medianistas | Mar 2, 2018 | Scams
The receiver for AriseBank, the Texas ICO issuer at the center of a securities fraud case, suspects the firm’s co-founders have not been entirely forthcoming with asset disclosures, documents show. According to a receivership report filed this week, co-founders, Jared...
by The Medianistas | Feb 6, 2018 | Find the Fraud, Scams
The Bitcoin boom must have seemed like manna from heaven for former heavyweight boxing champion Evander Holyfield. In January 2018, in two separate tweets, Holyfield endorsed AriseBank, a “decentralized banking product” that purported to act like a cryptocurrency...
by The Medianistas | Jan 31, 2018 | Find the Fraud
The CEO of AriseBank, which had its $600 million initial coin offering shuttered by regulators last week, has released a lengthy statement vowing to fight the Securities and Exchange Commission’s accusations. “Many people’s dreams fail over time, it’s simply a...
