Arisebank - All News And Posts By Crowdfund Insider

AriseCoin Founder Pleads Guilty in $4 Million Crypto Fraud Case

March 22, 2019 @ 4:49 am By Cali Haan |

Jared Rice Sr, creator of “AriseBank” and the associated cryptocurrency/token “AriseCoin,” has pleaded guilty to one count of securities fraud in Texas, Dallas News reports. The plea reportedly involved Rice admitting that he lied to investors when he raised money for his project. These lies… Read More

Regional Director of the SEC’s Fort Worth Office Who Pursued AriseBank’s ICO Fraud Departs Agency

January 28, 2019 @ 11:08 pm By JD Alois |

Shamoil T. Shipchandler, the Director of the Fort Worth Regional Office of the Securities and Exchange Commission, has departed the agency, according to a note by the SEC. During his tenure in Fort Worth, Shipchandler pursued some “novel cases” including cryptocurrency fraud. Shipchandler oversaw a team… Read More

Former AriseBank Executives Implicated in Allegedly Fraudulent ICO Settle with the Securities and Exchange Commission

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December 13, 2018 @ 11:35 am By JD Alois |

The Securities and Exchange Commission (SEC) has settled with the executive management involved with the AriseBank initial coin offering (ICO). The allegedly fraudulent ICO came to a screeching halt with the SEC obtained a court order halting the AriseBank ICO that targeted retail investors to invest in the… Read More

AriseBank CEO Indicted in Texas for Cryptocurrency Fraud, Faces Possible Prison Sentence

December 1, 2018 @ 11:00 am By Cali Haan |

Jared Rice Sr, the man behind AriseBank and the associated cryptocurrency/token, AriseCoin, has been indicted in the Northern District of Texas and, if convicted, faces a possible prison sentence of 120 years. Rice Sr was arrested by the FBI Wednesday and is charged with 3… Read More

House Financial Services Subcommittee: Representative Sherman Tells SEC to Shut All ICOs Down, Representative Emmer Sees “Real Opportunity” with Crypto

May 25, 2018 @ 3:42 pm By JD Alois |

Last week, while New York City saw thousands of cryptocurrency enthusiasts discuss the benefits of digital assets and blockchain, a House Financial Services subcommittee reviewed initial coin offerings with the leaders of the Securities and Exchange Commission (SEC) Enforcement Division. The Congressional Hearing provided a… Read More

SEC Updates on AriseBank ICO Scam that was Pumped by Evander Holyfield

March 29, 2018 @ 8:05 pm By JD Alois |

The Securities and Exchange Commission (SEC) has posted an update regarding the ongoing case against AriseBank and their initial coin offering which has been deemed a scam by the regulator. This same ICO was pumped by famous boxer Evander Holyfield. In fact, a press release was issued… Read More

Slam the Brakes: SEC Halts AriseBank Initial Coin Offering that Claimed to Have Raised $600 Million, ICO Pumped by Boxing Champ Evander Holyfield

January 30, 2018 @ 3:56 pm By JD Alois |

The Securities and Exchange Commission (SEC) has slammed the brakes on another initial coin offering (ICO) that flouted established securities laws. The SEC obtained a court order halting the AriseBank ICO that targeted retail investors to invest in the “world’s first decentralized bank. AriseCoin’s public… Read More