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AriseBank CEO faces 120 years behind bars over alleged cryptocurrency scam

AriseBank CEO faces 120 years behind bars over alleged cryptocurrency scam | ZDNet

The chief executive of blockchain startup AriseBank is facing up to 120 years in jail for allegedly defrauding investors out of $4 million. Rather than use the funds to create a product, the former CEO, Jared Rice, used the cash to fund a luxury lifestyle, paying for hotels, food, and clothes.







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