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Alleged crypto-crook CEO cuffed by FBI after upstart bank investors’ $4m bafflingly vanishes

Alleged crypto-crook CEO cuffed by FBI after $4m investment in his bank bafflingly vanishes

The CEO of AriseBank, a Texas-based upstart that billed itself as the world’s “first decentralized banking platform,” has been arrested by the FBI and charged with securities and wire fraud. Last summer, Jared Rice, Sr claimed his newly found biz would provide everyday bank accounts to customers to store their cryptocurrencies.