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Feds: AriseBank duped investors out of over $4M in cryptocurrency scam

Feds: AriseBank duped investors out of over $4M in cryptocurrency scam

Federal prosecutors in Texas announced Wednesday that they have arrested a Dallas-based cryptocurrency CEO on charges of securities and wire fraud, adding that he allegedly defrauded investors to the tune of $4 million. The entrepreneur, Jared Rice, Sr., 30, claimed to run something called ” AriseBank” and its related purported cryptocurrency, AriseCoin.







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