Dallas CEO Faces 120 Years For Promoting Fraudulent ICO
On Wednesday, the FBI arrested Jared Rice Sr. on charges of promoting a fraudulent ICO, the Department of Justice reports. According to the U.S. Attorney’s Office, Northern District of Texas, the defendant allegedly defrauded investors of more than $4 million. Erin Nealy Cox, the US Attorney for Northern District of Texas said that the accused ran a cryptocurrency scheme.
