Prolific CEO Arrested For Crypto Fraud
Recently, the United States Federal Bureau of Investigation arrested the CEO of a cryptocurrency platform for apparently defrauding investors out of four million dollars through an Initial Coin Offering based on false claims. In a recent announcement published by the United States Attorney’s Office of the Northern District in Texas, Jared Rice senior scammed investors by claiming that his firm, ArisBank to be the first decentralised bank in the world, which offered FDIC insured bank accounts and Visa-linked credit and debit cards.
